BTCUSD Cup and handle my view!
This Bitcoin (BTC/USD) price chart uses Fibonacci extensions to indicate potential future price levels. Currently, Bitcoin is trading at approximately $92,628, with a recent gain of 5.17%. Fibonacci extension levels suggest potential price targets, with key levels at 103,998 (1.618), 117,234 (2.618), 134,528 (3.618), 145,215 (4.236), and higher targets up to 231,950 (4.236).
These Fibonacci levels are often used by traders to gauge where price might face resistance in an uptrend. If Bitcoin continues its bullish trend, these levels may act as future resistance points, where traders might take profits or anticipate pullbacks.
Let me know if you need a deeper analysis of specific price targets or the context behind Fibonacci levels in cryptocurrency trading!
These Fibonacci levels are often used by traders to gauge where price might face resistance in an uptrend. If Bitcoin continues its bullish trend, these levels may act as future resistance points, where traders might take profits or anticipate pullbacks.
Let me know if you need a deeper analysis of specific price targets or the context behind Fibonacci levels in cryptocurrency trading!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.