BTCUSD: 161.8% Fibonacci extension

Hey traders,

This is just something I saw during the weekend, it is not a trade call. The BTCUSD went up with 100% in the past few weeks. Overvalued much?! It has no reached the 161.8% Fibonacci extension, which tends to be pretty strong. But the way it rushes up, may make it unlikely for price to take a break.

Cheers