📊 BITCOIN OUTLOOK: CORRECTION BEFORE THE NEXT MAJOR BULL RUN?🚀
Based on my technical analysis, Bitcoin is currently in a corrective phase, with price trapped inside a well-defined support and resistance range, making short-term direction uncertain.
My chart suggests that BTC could continue its corrective move toward the $72,876 region, which aligns with the 61.8% Fibonacci Golden Ratio. This is a key area where I expect strong selling pressure to emerge.
If that rejection plays out, Bitcoin could experience a sharp decline, potentially breaking below the $60,000 support and extending toward the $49,965 demand zone.
I believe that $49,965 could mark the end of the correction and become the launchpad for the next major bullish leg. From there, Bitcoin may regain momentum, break above its previous all-time high, and target the $125,000–$150,000 range.
📌 KEY LEVELS TO WATCH:
🎯 Fibonacci 61.8%: $72,876
🛑 Major Support: $60,000
💎 Potential Reversal Zone: $49,965
🚀 Bull Run Target: $125,000–$150,000
This is my personal technical outlook, not financial advice. As always, risk management is more important than being right.
What's your view? Do you see Bitcoin revisiting $50K before the next explosive rally, or will the bulls take
#Bitcoin #BTC #Crypto #TechnicalAnalysis
#BinanceSquare
Based on my technical analysis, Bitcoin is currently in a corrective phase, with price trapped inside a well-defined support and resistance range, making short-term direction uncertain.
My chart suggests that BTC could continue its corrective move toward the $72,876 region, which aligns with the 61.8% Fibonacci Golden Ratio. This is a key area where I expect strong selling pressure to emerge.
If that rejection plays out, Bitcoin could experience a sharp decline, potentially breaking below the $60,000 support and extending toward the $49,965 demand zone.
I believe that $49,965 could mark the end of the correction and become the launchpad for the next major bullish leg. From there, Bitcoin may regain momentum, break above its previous all-time high, and target the $125,000–$150,000 range.
📌 KEY LEVELS TO WATCH:
🎯 Fibonacci 61.8%: $72,876
🛑 Major Support: $60,000
💎 Potential Reversal Zone: $49,965
🚀 Bull Run Target: $125,000–$150,000
This is my personal technical outlook, not financial advice. As always, risk management is more important than being right.
What's your view? Do you see Bitcoin revisiting $50K before the next explosive rally, or will the bulls take
#Bitcoin #BTC #Crypto #TechnicalAnalysis
#BinanceSquare