This Bitcoin/USD (BTCUSD) weekly chart on Coinbase includes:
Fibonacci retracement levels from ~50K to ~97K. Three historical uptrends, marked with white trend lines, aligning with previous bull runs. SMA 50 (blue line) at ~75K, acting as a major support level. Current BTC price at ~93K, testing previous all-time highs. Fibonacci extensions suggesting potential targets: 1.618 (~127K) 2.618 (~174K)
- The white trend lines represent Bitcoin's historical bull runs, showing a repeating pattern of parabolic uptrends before a major correction. Here's what they reveal:
1️⃣ 2017 Bull Run Steep incline leading to BTC’s first real mania phase. Price surged from sub-1K to ~20K before a massive correction. The trend line broke, confirming the end of that cycle. 2️⃣ 2020-2021 Bull Run Similar structure to 2017, but with more consolidation before lift-off. Price rallied from ~10K to ~69K before breaking down. The trend line served as an early warning of the 2022 bear market. 3️⃣ 2023-2024 Bull Run (Current) The trend line is still intact, meaning BTC is respecting the current bullish structure. Price is testing previous ATH (~97K zone). Break above? 127K-174K targets in play (Fibonacci extension). Break below? 75K SMA becomes a key level to watch.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.