As I stated in my earlier
#analysis , rejections come from predictable levels, so it shouldn't come as a surprise that, today's pump ran into resistance at the 1.618 Fibonacci extension. The big question now is: What comes next?
Once Bitcoin bulls regain momentum, push past this resistance, and return to price discovery with new all-time highs, the next levels of resistance are just as predictable.
Key Levels to Watch:
110K – Psychological Resistance, but don't expect it to hold
Why it Matters: Round numbers like 110K often act as psychological barriers where traders take profits.
122.5K – Measured Move from the Cup & Handle
Why it Matters: This technical target aligns with the bullish Cup & Handle pattern currently playing out. It’s a critical level to watch, though it may not hold as the final cycle top.
Lifetime Channel
Why it Matters: If
#Bitcoin continues climbing, the lower end of the Lifetime Channel becomes a likely candidate for the next major resistance. I consider this to be the “glass ceiling” on price discovery. If BTC bulls can reclaim that channel, 7 figure BTC becomes a realistic target in the next 10 years.
Fibonacci Extensions
Targets to Watch: The 2.618, 3.618, and 4.618 Fib levels represent technical resistance zones. I personally view those last 2 upper Fib levels as lower probability extremes, but I never rule anything out of the Wild West of Crypto. The exact level this cycle tops at depends on the timing and the specific factors that are influencing price action at that time.
My Take: Where Does the Cycle Top Live?
While 122.5K is a key target, the cycle top could extend closer to the 150K range, with a possibility of testing the Lifetime Channel or higher Fibonacci levels. The market will ultimately decide, but understanding these predictable levels can help traders stay ahead of the curve.
Up Only Doesn't Exist: While I am MACRO
#bullish on
$BTC and it's fun to talk about massive upside targets, don't allow yourself to buy into the so called "up only" narrative. Somewhere along the way, there will be one or more deep corrections in the 20% - 50% range. Don't let that correction become your liquidation event!
What’s Your Cycle Top Target?
Where do you think Bitcoin’s bull run will peak, and why? Let me know in the comments.
---------Analyze more here 👇---------