Bitcoin appears to be in the final wave 5 of the current bullish cycle. After breaking the 38.2% Fibonacci extension target, focus shifts to the next major levels:
- 61.8% extension ≈ $133,245
- 100% extension ≈ $169,620
- 161.8% extension ≈ $228,470
Historically, wave 5 often tops between 61.8% and 100% extensions, but strong parabolic runs can push to 161.8%.
Key watch: a sustained break above $133K would significantly increase odds of exploring $170K+
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.