Bitcoin Eyes $100K – Next Stop in the Bull Run?
Currently, Bitcoin is trading within a strong upward trend, breaking past previous resistance zones. If the price holds above the $73,829 level (the 1 Fibonacci level), it suggests a clear path toward the next Fibonacci extension at the 1.618 level, around $103,898.
The structure on the chart shows a steady formation with higher lows and recent bullish momentum. The area around $73,829 serves as a critical support level, and any retracement toward this level could present a buying opportunity for further upward movement.
Should Bitcoin continue to gain momentum, a push toward the psychological $100,000 mark could be within reach, potentially marking a historic level for BTC traders and investors.
The structure on the chart shows a steady formation with higher lows and recent bullish momentum. The area around $73,829 serves as a critical support level, and any retracement toward this level could present a buying opportunity for further upward movement.
Should Bitcoin continue to gain momentum, a push toward the psychological $100,000 mark could be within reach, potentially marking a historic level for BTC traders and investors.
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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.