FREE BITCOIN ANALYSIS
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Bitcoin to test 100k in months
The Bitcoin uptrend remains intact as the price continues to produce higher highs and higher lows on a weekly timeframe
After price bounced off the $39,600 demand area, BTC went up and produced a new all-time high
Current supply zone is near $57,600, which corresponds to 327.2% Fibonacci retracement level
Price bounced off cleanly off this support, implying the further price increase in the long run
As long as the weekly closing price remains above $57,600, the Bitcoin will continue to move north, potentially towards the $96.500 resistance
Based on the extended ascending channel and Fibonacci cycles, 100k resistance area can be tested within three months
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