"Bitcoin 2025 Peak Projection: Bullish Momentum Towards $110K
Based on the chart:
1. **Major Uptrend from 2017-2025**: The long-term trendline shows consistent upward momentum, connecting key lows from 2017, 2021, and beyond. Bitcoin remains in a bullish macro structure.
2. **Key Fibonacci Levels**:
- The **1.382 Fib extension (94,770)** served as a critical resistance but was broken and now acts as support.
- The **1.618 Fib extension (109,690)** represents the next potential resistance, aligning with the projected 2025 peak.
3. **2021 Peak and 2022 Bottom**: The chart emphasizes Bitcoin's cyclical behavior, with the 2021 peak followed by a sharp 80% correction to the 2022 bottom. This highlights the possibility of a significant pullback after a new peak.
4. **Current Price Action**:
- A breakout from a consolidation channel has fueled the bullish rally.
- Bitcoin is approaching the **trendline resistance and 1.618 Fib level**, indicating a possible exhaustion zone near **110,000**.
5. **Projection for 2025**:
- A potential peak around **110,000** is expected, followed by a correction. The downside targets might include a return to the **94,770 level** or the long-term trendline for support.
### Strategy:
- **Short-term bullish bias** as Bitcoin trends toward 109,690.
- **Prepare for a reversal** around 110,000, targeting key retracement levels like 94,770 for support.
- Watch for patterns or confirmations near resistance before initiating any sell trades.
BTCUSD
1. **Major Uptrend from 2017-2025**: The long-term trendline shows consistent upward momentum, connecting key lows from 2017, 2021, and beyond. Bitcoin remains in a bullish macro structure.
2. **Key Fibonacci Levels**:
- The **1.382 Fib extension (94,770)** served as a critical resistance but was broken and now acts as support.
- The **1.618 Fib extension (109,690)** represents the next potential resistance, aligning with the projected 2025 peak.
3. **2021 Peak and 2022 Bottom**: The chart emphasizes Bitcoin's cyclical behavior, with the 2021 peak followed by a sharp 80% correction to the 2022 bottom. This highlights the possibility of a significant pullback after a new peak.
4. **Current Price Action**:
- A breakout from a consolidation channel has fueled the bullish rally.
- Bitcoin is approaching the **trendline resistance and 1.618 Fib level**, indicating a possible exhaustion zone near **110,000**.
5. **Projection for 2025**:
- A potential peak around **110,000** is expected, followed by a correction. The downside targets might include a return to the **94,770 level** or the long-term trendline for support.
### Strategy:
- **Short-term bullish bias** as Bitcoin trends toward 109,690.
- **Prepare for a reversal** around 110,000, targeting key retracement levels like 94,770 for support.
- Watch for patterns or confirmations near resistance before initiating any sell trades.
BTCUSD 
If you want to receive more Analysis signals, please join our Telegram channel. t.me/+JLFlD0eg3LFjNjU8
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.
If you want to receive more Analysis signals, please join our Telegram channel. t.me/+JLFlD0eg3LFjNjU8
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.