Bitcoin prices could hit new highs and a sell-off is expected
BTC has been making higher highs and higher lows since October 2024.After peaking, BTC has shown some retracement/consolidation, with recent candles indicating lower highs and lower lows. If BTC holds support and breaks above $100,000, it could continue its uptrend to 112k.
Fib Levels:
0.236 - 91,600 (Possible support)
0.382- 85,800 (Stronger support)
0.5 -78,000 (Major correction area)
0.618 -72,500(Deep pullback )
Fib Levels:
0.236 - 91,600 (Possible support)
0.382- 85,800 (Stronger support)
0.5 -78,000 (Major correction area)
0.618 -72,500(Deep pullback )
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.