Bitcoin continues to follow the 5.618 Fibonacci extension, aligning with each major move from $30K to the current $109K resistance test.
The projected $166,754 target remains valid, with updated timelines pushing the cycle's culmination closer to September 2025.
Long-term holder supply remains firm, ETF inflows persist, and profit-taking is low—reinforcing that the cycle remains active and bullish.
Bitcoin’s price trajectory continues to follow the long-watched Fibonacci golden ratio extension. The $166,000 target remains active, with the cycle still progressing slower than previous ones.
Golden Ratio Extension Maintains Its Accuracy
According to a recent analysis from CryptoCon, Bitcoin is still tracking the 5.618 Fibonacci extension level—a key target of $166,754. The model has so far mapped each major move in this market cycle with consistent precision. It guided the April 2023 breakout from $30K, the January 2024 surge past $46K, and the March test of $71K.
https://twitter.com/CryptoCon_/status/1940439487458296138
This golden ratio model has been the structural reference in Bitcoin’s current bullish phase. Despite delays in the expected timeline, each key level has aligned accurately with price action. CryptoCon notes the next phase is a 52% move from current levels, with $109K now being tested as resistance.
Timeline Slower Than Expected but Cycle Remains Active
CryptoCon addressed the slower progression in a tweet, remarking, “The cycle drags its feet beyond anything we've ever seen.”Although some earlier estimates assumed a mid-2025 target to $166K level, this has been changed to now September 2025, due to the slow movement and the prolonged cycle.
Market data continues to confirm that the bull cycle is not yet complete. Distribution remains muted, with long-term holders maintaining strong supply positions. ETF inflows also remain steady, suggesting continued institutional accumulation beneath price levels.
Patience Still Required as Price Eyes Final Target
Bitcoin is now just 52% away from the Fibonacci blueprint’s final target. Analysts maintain that it’s a matter of timing, not direction. CryptoCon emphasized that despite delays, the chart has delivered repeatedly and remains a dependable reference point.
Long-term holders show no signs of mass selling. Combined with persistent ETF inflows and low realized profits, the structure of the market supports further upward movement. With September 2025 now a realistic horizon, the path to $166K remains intact.
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