Bitcoin levels and overlay of previous bear market. This is a long-term Bitcoin price chart (BTC/USDT) on a monthly timeframe from TradingView, spanning from mid-2021 to early 2028 (with the current date being November 21, 2025).
Key elements:
Price action:
Bitcoin peaked around November 2021 at roughly ~$69,000 (all-time high at the time).
It then entered a prolonged bear market throughout 2022, bottoming near ~$15,500–$16,000 in November 2022.
From 2023 onward it has been in a slow, steady recovery and new bull market.
As of November 2025, the price is trading around $88,000–$92,000 and has just broken above the previous all-time high from 2021.
Horizontal lines and Fibonacci retracement/ extension levels:
The chart is overlaid with multiple Fibonacci tools (likely drawn from the 2021 ATH to the 2022 low) showing classic retracement and extension levels:
0.382 (green)
0.5 (orange)
0.618 (golden ratio, blue) – heavily emphasized
0.65, 0.786, 1.0, etc.
Higher extensions: 1.618, 2.0, etc.
The price has repeatedly respected these levels over the years:
Found support near the 0.618 (~$30k–$35k area) multiple times in 2022–2023.
Broke above the previous ATH (1.0 level) in 2024–2025.
Currently trading around the 1.618 extension (~$90k–$100k zone), with some levels drawn slightly differently by the author (e.g., 0.65 instead of standard 0.65/0.786).
Overall structure:
The chart shows a classic post-bear-market expansion where Bitcoin is now targeting common Fibonacci extension levels that many analysts use for bull-market price targets (1.618 × the prior bear-move often gives ~$100k–$140k depending on exact swing points used).
