🔥 Bitcoin New All Time High: Fibonacci Targets

Today, Bitcoin has finally made a new all time high after a ~6 month period since the last top.

I want to take this moment to congratulate everyone who held strong to their (bullish) beliefs and held on to their coins.

My next targets for Bitcoin are based on the Fibonacci extensions 1.272 and 1.618. First target at $75k, second target at $87.5k. I'm not expecting a bearish move before we hit $75k.

Historically, Bitcoin moves fairly rapid after making a new all time high. However, a minor quick re-test of the last ATH around $65k might be an ideal point to launch us towards the second target at $87.5k.

See my analysis below for a historical analysis on what happens after BTC makes a new all time high:

Happy trading!