BTC $150K SETUP BUT THERE MAY BE ONE MORE DROP 👀 Let me explain my chart in the simplest way possible 😂.Bitcoin is currently around the $70K area, but I don't think the road to $150K will necessarily be straight up. Looking at the monthly chart, this is how I see it:
1️⃣ First, I'm watching the $63.5K area This is an important level for me. Think of it like a floor. If BTC comes down here, I want to see whether buyers step in and defend it. 2️⃣ But what if we go even lower? My chart shows a possible deeper correction toward around $46.5K. That's around the 78.6% Fibonacci level. Basically, Bitcoin could take a big step backward before making another big move forward.It doesn't mean BTC MUST go to $46.5K. It's simply one scenario I'm watching.
3️⃣ Then comes the big target 🚀 If the market completes the correction and starts building bullish structure again, my long-term target is around: $150K+ The Fibonacci projection on my chart reaches roughly $153.6K. So the roadmap I'm watching is: $70K - $63.5K - possible $46.5K - recovery - $126K - $150K+ That's the setup I'm looking at.
What about the blue line? That's the 9 month moving average (SMA 9). Don't overthink it 😂 It's basically a line that helps me see the broader monthly price direction without all the noise. And the black line? That's the long-term trendline. For me, it shows that even if BTC experiences a major correction, the bigger trend could still remain bullish. 👀 The main thing I'm watching I don't want to predict every single candle. I just want to see how BTC reacts around these major areas: $63.5K -$46.5K - $126K - $150K If the lower levels hold and Bitcoin starts showing strong bullish structure again, then the $150K target becomes very interesting. But if the structure changes, I'll change my view too. That's trading. You don't marry your prediction 😂. What do you think? Do we see $150K BTC, or does Bitcoin surprise everyone again? 👀 ⚠️ Note this is not a financial advice. Always remember to do ur own research (DYOR) before making any investment or trading