🚀 New All-Time High
BTC just printed a fresh ATH, breaking above the previous 109-110K resistance. Price discovery is now fully active support/resistance levels are harder to define clearly in this zone.
📏 Fibonacci Extension Zone
Using the Fibonacci extension of the previous major leg, we get a first realistic target around 130K, slightly front-running the 1.618 level a common zone for major profit-taking.
📌 Things to Monitor
While momentum remains strong, macro risks still hover :
Global recession fears
Geopolitical tensions
CPI / FOMC surprises
Any of those could trigger a risk-off environment, stalling the BTC rally or triggering a sharper correction.
🎯 What’s next?
As long as the trend holds above 103-105K (former structure highs), bulls remain firmly in control. A move to 130K isn’t out of reach but stay reactive to macro shocks that could cool down the rally.
BTC just printed a fresh ATH, breaking above the previous 109-110K resistance. Price discovery is now fully active support/resistance levels are harder to define clearly in this zone.
📏 Fibonacci Extension Zone
Using the Fibonacci extension of the previous major leg, we get a first realistic target around 130K, slightly front-running the 1.618 level a common zone for major profit-taking.
📌 Things to Monitor
While momentum remains strong, macro risks still hover :
Global recession fears
Geopolitical tensions
CPI / FOMC surprises
Any of those could trigger a risk-off environment, stalling the BTC rally or triggering a sharper correction.
🎯 What’s next?
As long as the trend holds above 103-105K (former structure highs), bulls remain firmly in control. A move to 130K isn’t out of reach but stay reactive to macro shocks that could cool down the rally.
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.