【Will Bitcoin Surge to 114,000??】

First, the conclusion:

If Bitcoin's price exceeds 114,000 USD, it will directly rise to over 161,000 USD, but if it does not exceed this, it will drop below 76,000 USD.

The Fibonacci retracement market average price indicator can be used to mark potential future price peaks and troughs for Bitcoin.

This indicator is related to the market average price, which measures Bitcoin's average price without considering the mined Bitcoin.

If Bitcoin surpasses the 114,000 threshold, a significant bullish rebound is very likely, with the next target being over 161,000 USD and potentially reaching close to 190,000 USD.

However, an important issue to consider is that Bitcoin recently tested resistance levels similar to those at the end of 2019, the end of 2021, and March 2024.

In other words, due to the strong selling pressure from long-term holders and excessive leverage from exchanges, it lacks sufficient strength to maintain an upward momentum into early 2025.

Currently, the market average price is 61,500 USD, which would be the worst-case scenario or the lowest price for Bitcoin in the future bear market.

#BTCNewHigh #HowWillTheMarketMoveAfterTrumpTakesOffice? #Trump'sWifeLaunchesCoin