BTC testing 94k
We're currently seeing Bitcoin price action near $94,633, which is a significant level as it represents the 78.6% Fibonacci retracement of the recent uptrend. This creates two potential scenarios:
Scenario 1 (Bullish):
If price holds above $94,633 (78.6% Fib level)
Next target would be the 161.8% Fibonacci extension
This projects a price target of $139,167
Scenario 2 (Slight Pullback):
If price breaks below $94,633
But holds above $79,324 (50% Fibonacci retracement level)
Target would become the 123.6% Fibonacci extension
This projects a more conservative target of $118,720
In both scenarios, the overall trend remains bullish, just with different price targets based on how price reacts to these key Fibonacci levels. The 78.6% level ($94,633) is currently acting as a crucial pivot point that will likely determine which scenario plays out.
Scenario 1 (Bullish):
If price holds above $94,633 (78.6% Fib level)
Next target would be the 161.8% Fibonacci extension
This projects a price target of $139,167
Scenario 2 (Slight Pullback):
If price breaks below $94,633
But holds above $79,324 (50% Fibonacci retracement level)
Target would become the 123.6% Fibonacci extension
This projects a more conservative target of $118,720
In both scenarios, the overall trend remains bullish, just with different price targets based on how price reacts to these key Fibonacci levels. The 78.6% level ($94,633) is currently acting as a crucial pivot point that will likely determine which scenario plays out.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.