$BTC โ Fibonacci Extension Levels Are Driving the Next Leg Up ๐
#Bitcoin has successfully flipped the 1.0 Fibonacci extension (~$109,600) from resistance into support โ a critical technical confirmation that the macro uptrend remains intact.
๐ Key Levels to Watch:
๐ธ 1.368 ($122,501) โ First significant resistance. Historically, this level often marks consolidation or short-term rejection. A clean break could spark momentum-driven buying.
๐ธ 1.618 ($131,267) โ The classic "golden ratio" target. Many institutional strategies use this as a take-profit zone.
๐ธ 2.0 ($144,660) โ Psychological and technical milestone. Price discovery accelerates above this level.
๐ธ 2.272 ($154,197) and 3.0 ($179,722) โ These are longer-term bull targets. The 3.0 extension aligns with parabolic structures seen in prior BTC super cycles.
๐ก๏ธ Support to Hold:
๐ธ 0.618 ($96,205) โ Critical support. Losing this could invalidate the breakout and trigger a deeper retracement.
๐ธ Fib 1.0 (~$109,600) โ Now acting as the new floor. Holding this level on retests adds confidence for continuation.
๐ Conclusion:
#Bitcoin is in a technically strong position. As long as price remains above the 1.0 extension, the path of least resistance is upward. Keep an eye on momentum, volume, and macro risk factors. We may be entering the next major leg of this cycle.
