As most of you know, I’ve been bullish on Bitcoin for quite a while now. And today, I want to show you exactly which resistance levels I’m watching if the breakout continues.
On the weekly BTC/USDT chart, I’ve marked out five key upside targets, all based on Fibonacci extension levels — not just random lines, but technical zones that often attract serious reaction from the market.
Let’s break them down:
🔸 Target 1 — $124K
This lines up with the 141.4% Fibonacci extension and also happens to match the projected move of a textbook Cup & Handle pattern. It’s the first big checkpoint.
🔸 Target 2 — $137K
Here we’ve got the 227.2% Fib level — a classic continuation zone if momentum remains strong.
🔸 Target 3 — $145K
Next up is the 241.4% extension, where we could see some heavier resistance and price interaction.
🔸 Target 4 — $155K
One of the strongest zones on the map. Why? Because it merges four separate Fibonacci extensions in one cluster. A real decision point.
🔸 Target 5 — $167K
And the final target (for now) — the 261.8% extension. If BTC gets here, it’ll be a major event.
🎯 My View:
This isn’t hopium. These levels are based on market structure, Fibonacci math, and historical behavior. As always, I’ll adjust based on price action, but these are the areas I’m preparing for.
On the weekly BTC/USDT chart, I’ve marked out five key upside targets, all based on Fibonacci extension levels — not just random lines, but technical zones that often attract serious reaction from the market.
Let’s break them down:
🔸 Target 1 — $124K
This lines up with the 141.4% Fibonacci extension and also happens to match the projected move of a textbook Cup & Handle pattern. It’s the first big checkpoint.
🔸 Target 2 — $137K
Here we’ve got the 227.2% Fib level — a classic continuation zone if momentum remains strong.
🔸 Target 3 — $145K
Next up is the 241.4% extension, where we could see some heavier resistance and price interaction.
🔸 Target 4 — $155K
One of the strongest zones on the map. Why? Because it merges four separate Fibonacci extensions in one cluster. A real decision point.
🔸 Target 5 — $167K
And the final target (for now) — the 261.8% extension. If BTC gets here, it’ll be a major event.
🎯 My View:
This isn’t hopium. These levels are based on market structure, Fibonacci math, and historical behavior. As always, I’ll adjust based on price action, but these are the areas I’m preparing for.
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.