BitcoinLong
BITCOIN BULLISH MOMENTUM IN WEEKLY!!!!
The weekly BTC/USD chart above shows an Bullish Flag pattern, where Bitcoin’s price is trending upward within parallel support and resistance lines (yellow lines). This pattern often suggests a potential breakout if the price manages to break above the channel’s resistance.
To set Fibonacci targets in the range of $90,000 to $100,000, let’s add levels that align with that price zone:
1. 150.00% ($90,000) - This can act as a strong psychological level within the bullish move, marking the start of the 90k range.
2. 161.80% ($94,407) - A common Fibonacci extension level that is close to the midpoint between 90k and 100k.
3. 175.00% ($100,000) - Reaching this level would mark a major milestone and could trigger significant profit-taking.
These Fibonacci targets highlight possible resistance areas for Bitcoin within the 90k - 100k range, especially if momentum remains strong.
This pattern suggests Bitcoin could keep climbing if a breakout happens, with these Fibonacci levels as possible profit-taking points.
To set Fibonacci targets in the range of $90,000 to $100,000, let’s add levels that align with that price zone:
1. 150.00% ($90,000) - This can act as a strong psychological level within the bullish move, marking the start of the 90k range.
2. 161.80% ($94,407) - A common Fibonacci extension level that is close to the midpoint between 90k and 100k.
3. 175.00% ($100,000) - Reaching this level would mark a major milestone and could trigger significant profit-taking.
These Fibonacci targets highlight possible resistance areas for Bitcoin within the 90k - 100k range, especially if momentum remains strong.
This pattern suggests Bitcoin could keep climbing if a breakout happens, with these Fibonacci levels as possible profit-taking points.
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