Quick BTC Analysis | Weekly Timeframe
After a correction to the golden Fibonacci level (0.618), Bitcoin has strongly reached the top of the ascending channel. If this momentum continues, the next target could be around $150,000 (Fibonacci 1.272 level).
On the other hand, if the price fails to break above the channel and faces selling pressure, a correction to the $80K–$88K range is likely.
The market is currently at a critical point — sharp rally or deep correction?
After a correction to the golden Fibonacci level (0.618), Bitcoin has strongly reached the top of the ascending channel. If this momentum continues, the next target could be around $150,000 (Fibonacci 1.272 level).
On the other hand, if the price fails to break above the channel and faces selling pressure, a correction to the $80K–$88K range is likely.
The market is currently at a critical point — sharp rally or deep correction?
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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.