BTC 3D Technical Outlook
By SpicyPips
Upon analyzing the 3-day chart, we observe that BTC is trading within a well-respected ascending channel, which has held as dynamic support and resistance multiple times.
After reaching its all-time high of $109,637.53, price retraced into the Golden Zone (Fibonacci 61.8%–50%), a key area where buyers stepped in. BTC has since bounced back within the channel, indicating strength and continuation of the bullish cycle.
The current structure suggests a potential move toward our second target aligned with the 127.20% Fibonacci extension at $125,868.39, as long as the channel remains intact.
Capital protection should always come before profit — let risk management be your trading foundation.
Happy Trading,
SpicyPips
By SpicyPips
Upon analyzing the 3-day chart, we observe that BTC is trading within a well-respected ascending channel, which has held as dynamic support and resistance multiple times.
After reaching its all-time high of $109,637.53, price retraced into the Golden Zone (Fibonacci 61.8%–50%), a key area where buyers stepped in. BTC has since bounced back within the channel, indicating strength and continuation of the bullish cycle.
The current structure suggests a potential move toward our second target aligned with the 127.20% Fibonacci extension at $125,868.39, as long as the channel remains intact.
Capital protection should always come before profit — let risk management be your trading foundation.
Happy Trading,
SpicyPips
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.
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.