财经少华
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Analyze BTC
BTC may be on the verge of significant market volatility, and if it does not reach a new all-time high, the fluctuations in the coming weeks could trigger a major correction. Although the long-term bullish sentiment remains strong, the short-term outlook depends on whether Bitcoin can maintain its upward momentum and avoid destructive setbacks that could undermine or further hinder its current rally.
If Bitcoin's price cannot quickly break through the historical high, it could trigger a price crash—potentially wiping out more than 50% of BTC's current value.
Bitcoin has reignited optimism in the past week, following its latest price surge to over $123,000. Although Bitcoin's price has retreated to just above $118,000, predictions suggest that Bitcoin is preparing to set a new all-time high.
The next ATH target for Bitcoin is $129,948, aligning with the 1.618 Fibonacci extension level. Given that BTC is currently trading at $118,612, this implies a steady price increase of 9.6%. It is worth noting that Bitcoin's previous consolidation area was around $110,000 and $100,000, aligning with the Fibonacci retracement levels of 1 and 0.786. If the price retests, these levels will now serve as potential support areas.
#BTC
BTC may be on the verge of significant market volatility, and if it does not reach a new all-time high, the fluctuations in the coming weeks could trigger a major correction. Although the long-term bullish sentiment remains strong, the short-term outlook depends on whether Bitcoin can maintain its upward momentum and avoid destructive setbacks that could undermine or further hinder its current rally.
If Bitcoin's price cannot quickly break through the historical high, it could trigger a price crash—potentially wiping out more than 50% of BTC's current value.
Bitcoin has reignited optimism in the past week, following its latest price surge to over $123,000. Although Bitcoin's price has retreated to just above $118,000, predictions suggest that Bitcoin is preparing to set a new all-time high.
The next ATH target for Bitcoin is $129,948, aligning with the 1.618 Fibonacci extension level. Given that BTC is currently trading at $118,612, this implies a steady price increase of 9.6%. It is worth noting that Bitcoin's previous consolidation area was around $110,000 and $100,000, aligning with the Fibonacci retracement levels of 1 and 0.786. If the price retests, these levels will now serve as potential support areas.
#BTC
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BTC
118,119.6
+0.03%