BitcoinLong
$btc long , bull run scenario
The long-term bullish outlook for Bitcoin, based on the chart and technical indicators, looks strong, but let's break it down further by analyzing key factors over an extended timeframe:
1. Fibonacci Extensions and Price Targets:
The chart includes long-term Fibonacci extensions with significant price targets up to $107,916, indicating that Bitcoin has room for more upside if it continues to break through major resistance levels.
Key Targets:
$73,321 (0.5 Fibonacci level) — critical near-term resistance.
$80,240, $87,159, and $94,078 — long-term Fibonacci extensions that suggest higher price targets as Bitcoin continues its bullish trajectory.
The final long-term target based on this chart could be $107,916 (the -3 level), which represents a massive upside move.
2. Higher Timeframe Trend:
Bitcoin has broken out of consolidation patterns seen earlier in the year, and the price is making higher highs and higher lows. This is a classic indication of a long-term bullish trend.
The moving averages (EMAs) on the chart suggest a continued upward trend. When shorter-term EMAs stay above longer-term ones, it signals that buyers are in control, and the trend is still strong.
3. Market Structure and Liquidity:
The chart shows upside liquidity around $73,321, indicating that Bitcoin may face some resistance around this level. However, if it breaks through, the path to the next resistance levels (such as $80,240 and beyond) looks clear.
The zone between $66,402 and $64,171 serves as a strong support area, and a break below this could signal a deeper pullback. However, holding this area strengthens the bullish case.
4. Historical Price Action and Cycles:
Historically, Bitcoin has seen large moves post-halving (the next one is in early 2024). If past cycles hold true, the 2024-2025 period could see a sustained bull market, pushing Bitcoin into higher price ranges, consistent with the targets marked on the chart.
The bullish structure here aligns with this, showing that Bitcoin is preparing for a significant move higher if macroeconomic factors remain favorable (e.g., increasing institutional adoption, Bitcoin ETFs).
5. Potential Resistance and Retracement Levels:
$73,321 (short-term resistance): A potential retracement or consolidation may happen here as Bitcoin approaches this liquidity zone.
However, the price might break higher towards $80,000, $87,000, and beyond, especially if institutional inflows continue and market sentiment remains bullish.
Conclusion — Long-Term Bullish Outlook:
The chart and technical levels point to a long-term bullish case for Bitcoin. The trend is strong, and if the price holds key support levels like $66,402 and $64,171, there is a good chance of seeing higher price levels into 2024-2025. Key resistance levels to watch for profit-taking or consolidation are $73,321, $80,240, and $87,159.
Long-term Target: If the market conditions remain favorable, Bitcoin could eventually aim for $100,000+, with final Fibonacci extension targets reaching up to $107,916.
Pullbacks to the 64K area could provide good re-entry opportunities for long-term investors, while breakouts above 73K signal further bullish momentum.
1. Fibonacci Extensions and Price Targets:
The chart includes long-term Fibonacci extensions with significant price targets up to $107,916, indicating that Bitcoin has room for more upside if it continues to break through major resistance levels.
Key Targets:
$73,321 (0.5 Fibonacci level) — critical near-term resistance.
$80,240, $87,159, and $94,078 — long-term Fibonacci extensions that suggest higher price targets as Bitcoin continues its bullish trajectory.
The final long-term target based on this chart could be $107,916 (the -3 level), which represents a massive upside move.
2. Higher Timeframe Trend:
Bitcoin has broken out of consolidation patterns seen earlier in the year, and the price is making higher highs and higher lows. This is a classic indication of a long-term bullish trend.
The moving averages (EMAs) on the chart suggest a continued upward trend. When shorter-term EMAs stay above longer-term ones, it signals that buyers are in control, and the trend is still strong.
3. Market Structure and Liquidity:
The chart shows upside liquidity around $73,321, indicating that Bitcoin may face some resistance around this level. However, if it breaks through, the path to the next resistance levels (such as $80,240 and beyond) looks clear.
The zone between $66,402 and $64,171 serves as a strong support area, and a break below this could signal a deeper pullback. However, holding this area strengthens the bullish case.
4. Historical Price Action and Cycles:
Historically, Bitcoin has seen large moves post-halving (the next one is in early 2024). If past cycles hold true, the 2024-2025 period could see a sustained bull market, pushing Bitcoin into higher price ranges, consistent with the targets marked on the chart.
The bullish structure here aligns with this, showing that Bitcoin is preparing for a significant move higher if macroeconomic factors remain favorable (e.g., increasing institutional adoption, Bitcoin ETFs).
5. Potential Resistance and Retracement Levels:
$73,321 (short-term resistance): A potential retracement or consolidation may happen here as Bitcoin approaches this liquidity zone.
However, the price might break higher towards $80,000, $87,000, and beyond, especially if institutional inflows continue and market sentiment remains bullish.
Conclusion — Long-Term Bullish Outlook:
The chart and technical levels point to a long-term bullish case for Bitcoin. The trend is strong, and if the price holds key support levels like $66,402 and $64,171, there is a good chance of seeing higher price levels into 2024-2025. Key resistance levels to watch for profit-taking or consolidation are $73,321, $80,240, and $87,159.
Long-term Target: If the market conditions remain favorable, Bitcoin could eventually aim for $100,000+, with final Fibonacci extension targets reaching up to $107,916.
Pullbacks to the 64K area could provide good re-entry opportunities for long-term investors, while breakouts above 73K signal further bullish momentum.
Note
0.5 fib level reached
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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.
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.