CandleFocus Fibonacci Analysis Predicts Bitcoin Price Target After $100k Breakout - CryptoNewsZ
2024-12-06
Author: Content Editor
On December 5th, Bitcoin surpassed the $100,000 milestone, indicating a renewed bullish momentum and the possibility of a continued rally. The Fibonacci extension tool suggests potential resistance at $108,000 and $120,000. Standard Chartered Bank, which manages $870 billion in assets, predicts that Bitcoin could reach $200,000 by 2025. While the Bitcoin price briefly exceeded $100,000, it has yet to sustain this level, potentially indicating a false breakout. The market also experienced high volatility, with many traders being liquidated. This could lead to a fresh correction in Bitcoin.
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