BITCOIN The last hurdle before 100k

On this study I have applied the Fibonacci bands on Bitcoin's good old logarithmic growth Channel. My focus is on the 0.764 Fib band (orange trend-line), which since February 20 has been acting as a Resistance , and how this behaved during the past three Cycles.

As you see, every time BTC broke above the 0.764 Fib, it immediately skyrocketed to the 1.0 Fib (which is the top band, illustrated in red). And before that break-out, the price always found support around the 0.618 Fib (yellow line), it never touched the 0.5 Fib (blue line) before breaking 0.764. If history repeats itself then since the February 28 bottom didn't touch the 0.5 Fib, we have high chances of breaking above the 0.764. The 1.0 Fib is now exactly at $100k.

Do you think that 0.618 will hold and push BTCUSD above the last hurdle of the 0.764 towards a new $100000 ATH? Feel free to share your work and let me know in the comments section!


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