BitcoinLong
FIB TREND LOOKING GOOD!
Bitcoin has recently demonstrated strong upward momentum, making a compelling case for further gains beyond the $110,000 mark. One of the critical technical factors supporting this projection is the trend-based Fibonacci retracement. The 0.618 Fibonacci retracement zone—a pivotal level in technical analysis—has been tested successfully during the current rally.
This level often serves as a springboard for significant price movements, signaling a robust bullish continuation when combined with strong momentum. The fact that Bitcoin has maintained its position above this level while showing an increasing volume and price strength suggests the potential for an extended rally.
Furthermore, the broader macroeconomic environment, combined with historical behavior during Bitcoin's cycles, aligns with this analysis. These factors point to a high probability of Bitcoin achieving and surpassing the $110,000 threshold as bullish momentum continues to build.
This level often serves as a springboard for significant price movements, signaling a robust bullish continuation when combined with strong momentum. The fact that Bitcoin has maintained its position above this level while showing an increasing volume and price strength suggests the potential for an extended rally.
Furthermore, the broader macroeconomic environment, combined with historical behavior during Bitcoin's cycles, aligns with this analysis. These factors point to a high probability of Bitcoin achieving and surpassing the $110,000 threshold as bullish momentum continues to build.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.