比特幣看多
Bitcoin Set for Explosive Breakout?
Bitcoin Set for Explosive Breakout? Key Levels and Fibonacci Circles Point to 88K!
Looking at the current Bitcoin chart, the price is positioned close to the 200-day EMA, and the Fibonacci circles seem to be indicating a potential pivotal movement. We've recently completed a corrective wave (C) in the Elliott Wave cycle, and we’re likely entering Wave 1 of the next bullish cycle. If this wave progresses positively as expected, we could see a break back above the 200-day EMA. Historically, once Bitcoin finds support above this key level, the price action tends to be explosive. A return to 70k, which represents the top of the horizontal triangle, is within sight.
Additionally, the measured move from this triangle suggests a target as high as 84.5k. Supporting this view, the 1.618 Fibonacci extension level, derived from the recent high of around 74k and low of about 49.8k, projects a potential upside near 88k. If the price follows its typical trajectory and the Fibonacci circles align, next week could see significant bullish momentum for Bitcoin. The intersection of these technical factors creates an exciting outlook for a possible breakthrough into higher levels.
Looking at the current Bitcoin chart, the price is positioned close to the 200-day EMA, and the Fibonacci circles seem to be indicating a potential pivotal movement. We've recently completed a corrective wave (C) in the Elliott Wave cycle, and we’re likely entering Wave 1 of the next bullish cycle. If this wave progresses positively as expected, we could see a break back above the 200-day EMA. Historically, once Bitcoin finds support above this key level, the price action tends to be explosive. A return to 70k, which represents the top of the horizontal triangle, is within sight.
Additionally, the measured move from this triangle suggests a target as high as 84.5k. Supporting this view, the 1.618 Fibonacci extension level, derived from the recent high of around 74k and low of about 49.8k, projects a potential upside near 88k. If the price follows its typical trajectory and the Fibonacci circles align, next week could see significant bullish momentum for Bitcoin. The intersection of these technical factors creates an exciting outlook for a possible breakthrough into higher levels.
I’m passionate about analyzing charts and uncovering patterns. Your support means I can dedicate more time to this work. If you'd like to help, follow my link: linktr.ee/pcalzolaio. Thank you!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
I’m passionate about analyzing charts and uncovering patterns. Your support means I can dedicate more time to this work. If you'd like to help, follow my link: linktr.ee/pcalzolaio. Thank you!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。