Bitcoin targets $140,000! Fibonacci pricing model reveals potential space
CryptoChan2024/12/02 03:28
By:CryptoChan
CryptoChan, an on-chain analyst, said that according to the Bitcoin Fibonacci-Terminal pricing model, the price of Bitcoin has successfully broken through Line 4 ($93,742), and the next target price points to Line 5 ($147,553), indicating a bullish market sentiment.
The model is based on the Fibonacci sequence (3, 5, 8, 13, 21) and data on the Bitcoin chain, and divides important reference lines for historical price fluctuations: Line5: $147,553; Line4: $93,742; Line3: $60,111; Line2: $39,932; Line1: $26,479.
The model shows that the price fluctuates between these key lines from historical lows to highs, gradually moving towards new highs. Currently, after breaking through Line4, the market's attention has focused on the $140,000 mark (Line5). Investors need to pay attention to this key stage, adjust their strategies based on market trends, and welcome a new round of upward trend.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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