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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