Bitcoin Macro Breakout – $200K in Sight?

📊 Market Context:

Bitcoin has officially broken above the critical $100,000 psychological barrier, closing above previous weekly highs and forming a clean bullish structure. With this breakout, we’re now watching for a potential pullback into demand, which could offer a prime higher low setup before the next leg up.

⸻

🧠 Key Levels & Zones:
• 🟥 Breakout Zone / Retest Demand:
• $100,000 – $109,396 (red box)
• Watching for pullback to this area to form new support
• 🟩 Fibonacci Extension Targets:
• -27%: $125,673
• -61.8%: $146,652
• -161.8%: $206,936
• 🔵 Major Support Levels (if deeper retrace):
• $79,254 (50%)
• $72,140 (61.8%)
• $67,197 (70%)

⸻

📌 Trade Idea:

Looking for a higher low entry if price pulls back into the $100k–$109k range. Confirmation on lower timeframes (D1/H4) could provide an ideal long entry with strong upside potential toward $125k, $146k, and possibly $200k+.

🛑 Invalidation: Clean weekly close below $100k would break bullish momentum.

⸻

🎯 Bias: Bullish

💼 Strategy: Buy the dip → Target fib extension zones
⏳ Timeframe: Weekly / Swing Trade

💬 What do YOU think?

Do you believe Bitcoin will reach $200K this cycle — or will we see a deeper correction first?
👇 Drop your thoughts in the comments and let’s discuss!

👍 If you found this helpful, leave a like and follow for more weekly macro trade ideas!