Bitcoin is finally breaking out of that descending channel, right on schedule. The correction we've been waiting for looks like it's wrapping up, and the next move is pretty clear from the charts.
First target sitting at the 0.618 Fibonacci level, which should get us to around $100,000. That's the key resistance we need to crack.
Once BTC breaks through there, nothing's really standing between us and $114,000. The technical setup is looking solid—this resistance level is crucial for confirming the next leg up. If the buying pressure holds, we could see a real momentum shift in the market.
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LiquidityOracle
· 1h ago
Can 100,000 yuan really hold it off? It feels like another fake breakout.
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SchrodingerGas
· 12-12 16:30
Fibonacci is back again... Every time it's said to be "as planned," but what about the on-chain data? That's the real evidence. Judging by just the candlestick charts to make such a conclusion is a classic case of hindsight bias.
Bitcoin is finally breaking out of that descending channel, right on schedule. The correction we've been waiting for looks like it's wrapping up, and the next move is pretty clear from the charts.
First target sitting at the 0.618 Fibonacci level, which should get us to around $100,000. That's the key resistance we need to crack.
Once BTC breaks through there, nothing's really standing between us and $114,000. The technical setup is looking solid—this resistance level is crucial for confirming the next leg up. If the buying pressure holds, we could see a real momentum shift in the market.