Today I want to delve into the exciting moment we are experiencing with Bitcoin, which has broken its all-time high and reached $87,000. These types of movements generate a lot of enthusiasm in the market, and it is essential that we maintain a clear and strategic vision to understand how far the price could go.
First, let's talk about how to project these higher levels. Personally, I use Fibonacci extensions to define possible target areas where the price could face resistance. This tool is essential for understanding how far a rally can extend before the euphoria begins to moderate. With the current price at $87,000, we are already seeing buying pressure that has created a Fair Value Gap (FVG) on the chart. This imbalance is the result of a strong upward thrust where buy orders came in so quickly that they left a zone without enough liquidity in the way.
Now, although these FVGs usually get filled, it doesn't always happen immediately. Often, the price can continue its upward trajectory for a while before coming back to fill that gap. This is what makes this moment so interesting and, at the same time, challenging. The key is to be patient and be clear that retracements are healthy in a market that seeks to maintain its structure.
Another aspect to consider is the psychological areas, such as the levels of $90,000 and $100,000. These prices tend to attract the attention of both traders and large investors, and they can become significant resistance points. This is where our ability to read volume and assess whether the momentum has the necessary strength to overcome those levels or if, on the contrary, we will see a retracement to previous support areas comes into play.
In my case, I continue to operate with trades on retracements, buying and selling in a calculated manner. I have made the decision to sell 50% of my holdings at these historical levels to secure profits, and I keep the other 50% with the expectation of seeing how the market evolves. This strategy allows me to participate in the upside potential while still protecting the capital already gained.
So, what can we expect in the short and medium term? If the price manages to consolidate above $87,000 and break the barrier of $90,000, we could see momentum that takes it to test $100,000. However, if FOMO begins to decrease and selling pressure increases, it is likely that the price will retrace to fill the previously mentioned FVG. This retracement could be an opportunity to re-enter long positions, as long as risks are managed properly and market signals are closely monitored.
In summary, the key at this moment is emotional management and discipline. Although it is tempting to get carried away by euphoria, it is essential to stay calm and follow a well-structured plan. As I often say, patience and consistency are our best allies on this journey.
Thank you for reading this analysis, and remember: the market is unpredictable, but with the right tools and a focused mindset, we can navigate its movements with confidence.
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