I am anticipating Bitcoin to rise to an ATH of $144,500 following a major breakout from the recent consolidation within a bullish pennant pattern. On several occasions, it has attempted to reach $100,000 but remained constrained within the pennant boundaries. However, with a clear breakout now evident, I expect a lengthy move to $144,500, corresponding to a 61.8% Fibonacci extension of the November 4 ($66,700) to November 22 ($99,500) impulse.
In the chart, you can see a clear breakout, and I anticipate a fast rally once the $100,000 level is breached, followed by a potential retest before continuing higher.
In the chart, you can see a clear breakout, and I anticipate a fast rally once the $100,000 level is breached, followed by a potential retest before continuing higher.
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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.