Bitcoin Eyes $100K – Next Stop in the Bull Run?
2024-11-12

Currently, Bitcoin is trading within a strong upward trend, breaking past previous resistance zones. If the price holds above the $73,829 level (the 1 Fibonacci level), it suggests a clear path toward the next Fibonacci extension at the 1.618 level, around $103,898.

The structure on the chart shows a steady formation with higher lows and recent bullish momentum. The area around $73,829 serves as a critical support level, and any retracement toward this level could present a buying opportunity for further upward movement.

Should Bitcoin continue to gain momentum, a push toward the psychological $100,000 mark could be within reach, potentially marking a historic level for BTC traders and investors.