#Bitcoin will peak at $207,701 ? 🤔

Fibonacci extensions play a very important role in identifying key support and resistance levels once

BTC breaks its previous all time high.

In the previous cycle, Bitcoin peaked exactly at the 3.618 Fibonacci extension level.

In the current cycle, Bitcoin is still trading below the 1.618 Fib extension level.

The next major resistance level is the 2.618 Fib extension at around $154,522.

If Bitcoin manages to break above that, the final major resistance fib resistance lies near the 3.618 Fib extension, around $207,701.

- Most bearish scenario : Price could top near $154,522

- Most bullish scenario: Price could rally all the way to $207,701 and beyond