- •Bitcoin cleared the 1.618 level and now eyes $154,522 and $207,701 as critical resistance zones.
- •Strong bases at $60,000–$65,000 and $90,000–$95,000 continue to underpin Bitcoin’s long-term bullish structure.
- •A breakout above $123,000 would confirm renewed momentum, while rejection could extend the consolidation phase.
Bitcoin continues to show strong upward momentum, supported by Fibonacci extension levels that highlight possible resistance and upside targets. The price climbed from a $26,156 low to a $122,535 peak within the current cycle. Presently, Bitcoin trades near $115,575, holding steady just below the previous highs.
Fibonacci Extension Levels and Key Scenarios
Fibonacci extensions are framing Bitcoin’s next possible trajectory with defined resistance and support levels. The 1.618 level has already been cleared, while the 2.618 extension projects resistance near $154,522. A further bullish extension places a potential cycle peak near $207,701, matching the 3.618 level observed in past cycles.
If price action sustains momentum, the bullish case suggests a rally toward the upper extension target. However, failure to break above $154,522 could limit upside potential. This scenario would mark consolidation or correction before renewed momentum emerges.
Market participants therefore view $154,522 as a decisive resistance that determines whether Bitcoin advances higher or pauses. Sustaining levels above this area would open the door to extended gains. Conversely, rejection would reinforce the immediate resistance as the cycle’s temporary ceiling.
Current Market Structure and Support Levels
Bitcoin’s uptrend has been built through stair-step rallies and consolidations, creating strong support at multiple layers. The $60,000–$65,000 zone formed the first major base, while $90,000–$95,000 later reinforced the bullish foundation. Both zones remain crucial as fallback levels during market pullbacks.
The $100,000–$102,000 range currently offers initial support and aligns with a prior breakout shelf. Deeper support resides at $90,000–$95,000, which underpinned the summer rally. Losing these supports could signal a structural shift toward distribution.
Resistance remains concentrated near $121,000–$123,000, where supply repeatedly capped advances. A clean breakout above this zone would confirm a continuation of the trend. Until then, Bitcoin is expected to oscillate within a wide range supported by layered bases.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.