BTCUSD is currently consolidating above the $112,000 level — a critical price zone that could mark the beginning of a new leg higher.
If this consolidation holds, it signals strong buyer interest and sets the stage for a potential breakout. The next major target lies at $120,000, aligning with the 161.8% Fibonacci extension, a key level often associated with explosive momentum moves.
💡 This setup reflects growing confidence in the crypto space and may attract institutional inflows if confirmed.
If this consolidation holds, it signals strong buyer interest and sets the stage for a potential breakout. The next major target lies at $120,000, aligning with the 161.8% Fibonacci extension, a key level often associated with explosive momentum moves.
💡 This setup reflects growing confidence in the crypto space and may attract institutional inflows if confirmed.
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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.