This chart shows the weekly performance of Bitcoin (BTC/USD) on Bitstamp. Based on the Fibonacci extension and retracement levels marked on the chart, here’s an analysis:
1. Current Price Action: Bitcoin is trading around $91,199, close to the 1.618 Fibonacci extension level ($99,940), which may act as a resistance zone. If the price approaches this level, it...
This Bitcoin (BTC/USD) price chart uses Fibonacci extensions to indicate potential future price levels. Currently, Bitcoin is trading at approximately $92,628, with a recent gain of 5.17%. Fibonacci extension levels suggest potential price targets, with key levels at 103,998 (1.618), 117,234 (2.618), 134,528 (3.618), 145,215 (4.236), and higher targets up to...
