Alright, folks, Bitcoin’s gearing up for what could be its most anticipated move yet—$100,000. We're in an ascending triangle, a bullish pattern that historically breaks upward 70% of the time. But hey, this is crypto, where anything can happen.
Currently knocking on the $94,000 resistance, a breakout could send BTC flying to the golden Fibonacci extension at 106K, with stretch goals at 115K and maybe even higher. But let’s not forget the elephant in the room—100K.
100K: The Big Psychological Wall
Here’s the deal:
Breakout Up (70%): Expect fireworks and FOMO as BTC rockets toward 106K+.
Breakdown (30%): A rejection at 100K could drag us back to the 94K breakout zone—or worse, triangle support near 87K.
Game Plan
Entry: Wait for a clean break above 94K (don’t FOMO into fake-outs).
Profit-Taking: Take 50% off the table at 100K 25% at 106K and HODL a 25% moon-bag.
Stop-Loss: Below 87K to keep your wallet safe.
Volume and RSI will be your best friends here. Will Bitcoin flex its way past 100K, or will it face-plant into resistance? Grab your popcorn—this one’s going to be fun! 🚀
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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.