In this analysis, I break down Bitcoin’s historical price action to project potential future moves strictly using price action, Fibonacci extensions, measured moves, and macro patterns. No indicators no guesswork just clean structure and market rhythm.
Historical Insight
Using the trend-based Fibonacci extension from the 2017 bull run, we observed how price respected key extension levels in the 2021 cycle particularly the 161.8 and 361.8 zones.
2021 Bull Run Measured Moves
From the higher low at $9,155, BTC made a 55,900-point rally, followed by a 36,300-point correction, and then another impulsive 39,500-point move, perfectly testing fib extensions.
Current Price Action
BTC recently made another 55,900-point move from the $52,500 higher low, followed by a 32,700-point correction. If this mirrors the 2021 rhythm, we can anticipate a reversal within the 36,000–37,000 point correction range.
Macro Pattern: Cup and Handle
From the $68,745 high to the $15,627 bottom and the climb back to $73,600 Bitcoin has formed a clear cup and handle pattern. The projected target for this pattern sits between $117,000 and $119,000.
This analysis combines past behavior with current structure to identify potential bullish continuation always based on confirmation not prediction.
If you appreciate clean price action with real structure and historical logic follow for more in-depth analysis. Let’s see how this plays out.
#Bitcoin #BTCUSD #PriceAction #TechnicalAnalysis #Fibonacci #CupAndHandle #CryptoTrading #BTCAnalysis #MeasuredMoves #BullMarket #ChartPatterns
Historical Insight
Using the trend-based Fibonacci extension from the 2017 bull run, we observed how price respected key extension levels in the 2021 cycle particularly the 161.8 and 361.8 zones.
2021 Bull Run Measured Moves
From the higher low at $9,155, BTC made a 55,900-point rally, followed by a 36,300-point correction, and then another impulsive 39,500-point move, perfectly testing fib extensions.
Current Price Action
BTC recently made another 55,900-point move from the $52,500 higher low, followed by a 32,700-point correction. If this mirrors the 2021 rhythm, we can anticipate a reversal within the 36,000–37,000 point correction range.
Macro Pattern: Cup and Handle
From the $68,745 high to the $15,627 bottom and the climb back to $73,600 Bitcoin has formed a clear cup and handle pattern. The projected target for this pattern sits between $117,000 and $119,000.
This analysis combines past behavior with current structure to identify potential bullish continuation always based on confirmation not prediction.
If you appreciate clean price action with real structure and historical logic follow for more in-depth analysis. Let’s see how this plays out.
#Bitcoin #BTCUSD #PriceAction #TechnicalAnalysis #Fibonacci #CupAndHandle #CryptoTrading #BTCAnalysis #MeasuredMoves #BullMarket #ChartPatterns
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.