This chart, utilizing Fibonacci retracements on a 3-month timeframe starting from the October 2022 low, suggests a potential final target of $271,498 for the current bull market.
Additionally, the chart indicates that a 3-month close below $65,495 could signal a potential decline in Bitcoin's price.
Therefore, caution is advised in this price zone.
This is a view of Bitcoin in the month of March
When we go back to the weekly chart of Bitcoin 2020, we notice that the weekly breach occurred on October 19, and there was an entry to liquidity in the week before it, and the entry to the deal was after the confirmation of the breach, and the simple averages were used as support for the uptrend
And in this year...
