$BTC
1๏ธโฃ Pivot Points ๐
- Current all-time high: 108,270๐๏ธ
(maximum resistance zone, highest level ever reached).
- Previous high: 73,500๐ (was resistance, became support โ strong base in case the market retreats).
- Strong support: 90,000๐ช
(broke with force and stayed above; sign of confidence from the bulls).
- 2024 low: 34,000๐ฅ
(was the bottom before the rally; crucial for calculating Fibonacci and movements).
2๏ธโฃ Fibonacci Retracement ๐
Using the extremes: 34,000 (low) and 108,270 (current high)
- 38.2%: 75,160๐ก๏ธ (very close to the old high at 73,500 โ strong support if it corrects).
- 50%: 71,135โก (psychological milestone; attractive level for buyers to return).
- 61.8%: 67,110 ๐ (last technical support before losing the uptrend).
These zones are "liquidity filters". If there is a pullback, people take advantage to buy and hold the price.
3๏ธโฃ Fibonacci Expansion ๐
Now, the targets if BTC continues to rise:
- 127.2%: 122,500** ๐ฏ (first expansion target; sell zone for the makers).
- 161.8%: 136,800** ๐ฅ (main target โ confirmed uptrend).
- 200%: 147,540๐ (if it hits here, it will be a party in the market โ very extended rise).
4๏ธโฃ Elliott Waves ๐
BTC seems to be in wave 3 of the impulsive cycle:
- Wave 1: It was the rally from 34,000 to 73,500๐.
- Wave 2: Correction to consolidate (stopped at 92,000) ๐ง.
- Wave 3: Current explosive movement towards new highs ๐.
- If it continues like this, wave 5 could reach 136,800 to 147,540! ๐
5๏ธโฃ Final Conclusion ๐ค
๐ Important supports: 90,000, 75,160 and 71,135.
๐ Upside targets: 122,500, 136,800, and even 147,540.
๐ Why could this happen?
BTC follows cycles: strong liquidity, bulls dominating and fundamentals aligned with the 2024 bullish narrative (adoption, halving and confidence of big players).
Now it's time to follow the market, adjust stops and make money! ๐ธ