Chart Analysis:
1. Projection Overview:
The chart projects a bullish wave count for Bitcoin (BTC/USD), aiming for a long-term price target potentially reaching $144,742.10 and beyond, based on the Fibonacci extensions.
The next critical wave (Wave V) targets key Fibonacci levels above $109,418.14, with potential retracements near $98,047.90 before continuing upward momentum.
2. Support and Resistance Levels:
Key Support Zones: $81,499.25 (Wave IV potential bottom) and $89,369.85.
Major Resistance Levels: $109,418.14 (261.8% Fib), $144,742.10 (361.8% Fib), and $172,062.13 (423.6% Fib).
3. Market Context:
Wave III has completed a strong bullish run, while Wave IV anticipates minor consolidation before the anticipated breakout into Wave V.
A Fibonacci retracement of 23.6% ($98,047.90) aligns with a healthy correction phase in bullish trends.
---
🚀 Bitcoin Price Forecast 🚀
The King of Crypto is eyeing new ATHs! 📈
Next major targets: $109,418 and $144,742!
Watch for healthy retracements around $98,047 as we gear up for Wave V! 🌊
HODL or FOMO? Let us know in the comments! 🔥
1. Projection Overview:
The chart projects a bullish wave count for Bitcoin (BTC/USD), aiming for a long-term price target potentially reaching $144,742.10 and beyond, based on the Fibonacci extensions.
The next critical wave (Wave V) targets key Fibonacci levels above $109,418.14, with potential retracements near $98,047.90 before continuing upward momentum.
2. Support and Resistance Levels:
Key Support Zones: $81,499.25 (Wave IV potential bottom) and $89,369.85.
Major Resistance Levels: $109,418.14 (261.8% Fib), $144,742.10 (361.8% Fib), and $172,062.13 (423.6% Fib).
3. Market Context:
Wave III has completed a strong bullish run, while Wave IV anticipates minor consolidation before the anticipated breakout into Wave V.
A Fibonacci retracement of 23.6% ($98,047.90) aligns with a healthy correction phase in bullish trends.
---
🚀 Bitcoin Price Forecast 🚀
The King of Crypto is eyeing new ATHs! 📈
Next major targets: $109,418 and $144,742!
Watch for healthy retracements around $98,047 as we gear up for Wave V! 🌊
HODL or FOMO? Let us know in the comments! 🔥
I post my daily updates of chart/ta in my discord:
For those who wants to check what i think the market in crypto will be heading join me =)
discord.gg/EnmgSZfa
For those who wants to check what i think the market in crypto will be heading join me =)
discord.gg/EnmgSZfa
Related publications
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.
I post my daily updates of chart/ta in my discord:
For those who wants to check what i think the market in crypto will be heading join me =)
discord.gg/EnmgSZfa
For those who wants to check what i think the market in crypto will be heading join me =)
discord.gg/EnmgSZfa
Related publications
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.