BitcoinLong
My BTC Price Targets co-incide with Key Fib Levels
Measuring the large cup and handle on the weekly chart and the recent broadening descending wedge, I arrive at three potential price targets.
When I then place the Fibonnaci retracement levels on the chart from the ATH to the local bottom for this cycle, the Fib levels correlate nicely with my price targets.
$106,000
$160,000
$220,000
Not to say that $220,000 would be the top (unless we run out of time sometime between end of October 2025 and EOY 2025).
All other indicators point to a local bottom now being in, with the rise of global liquidity implying that we likely move up from here.
Q4 is nearly always a bullish time in Bitcoin.
#notfinancialadvice
When I then place the Fibonnaci retracement levels on the chart from the ATH to the local bottom for this cycle, the Fib levels correlate nicely with my price targets.
$106,000
$160,000
$220,000
Not to say that $220,000 would be the top (unless we run out of time sometime between end of October 2025 and EOY 2025).
All other indicators point to a local bottom now being in, with the rise of global liquidity implying that we likely move up from here.
Q4 is nearly always a bullish time in Bitcoin.
#notfinancialadvice
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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.
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.