Bitcoin’s $135K Path: Fibonacci Levels in Focus
Bitcoin is testing key Fibonacci levels, aiming for $135K. Market structure supports the bullish move.
- Bitcoin is challenging the $107K Fibonacci extension.
- A breakout could lead BTC toward $135K.
- Market structure aligns with this bullish trend.
Bitcoin has reclaimed its bullish momentum, recently breaking out and retesting key technical levels. Currently, BTC is approaching the 1st Fibonacci extension around $107,000—a significant resistance zone that could pave the way for higher price action if cleared.
The Fibonacci extension is a popular tool among traders for identifying potential future price targets during uptrends. BTC reaching this level signifies strong buyer interest and sets the stage for the next big move.
Next Target: $135K
If Bitcoin successfully clears the $107K resistance, the next major target becomes $135,000. This level aligns with the next Fibonacci projection and is backed by a healthy market structure, indicating support for a continued uptrend.
The macro outlook remains positive as long as BTC maintains momentum and holds above critical support levels. Volume trends, investor sentiment, and historical cycles suggest that the path to $135K is more than just hype—it’s a technically supported possibility.
Will Momentum Follow?
While technical indicators support a bullish scenario, the key will be whether market momentum sustains. Traders will be watching closely for volume spikes and broader market confirmation. If momentum fades, a retest of lower support zones could delay the move.
Still, with structure aligning and Fibonacci levels acting as clear roadmaps, Bitcoin’s journey to $135K remains very much in play.
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