Fibonacci levels spotlight crucial bull market battle

Current local highs for BTCUSD have breached the $104,000 mark, and zooming out, Fibonacci retracement analysis reveals that price is now in a key zone.

“$BTC is at the last technical level to clear before new ATHs,” commentator Patric H. announced in an X post. 

“Bitcoin has already decisively cleared the 1.618 FIB and is now trading at the volume-area high (VAH) + a weak resistance trendline.”