Bitcoin; OMG Could It Really Reach $250,000 Level?

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by Kimble Charting

Can anything stop Bitcoin’s rising tide? We may know soon.

Bitcoin’s recent run-up to over 60,000 is testing its 2020 highs and a key Fibonacci price resistance level. This area looks to be an important time/price juncture. Let’s dig in.

Today’s chart is a “weekly” chart for Bitcoin, highlighting the strong up-trend in place. As you can see, Bitcoin remains inside a 5-year rising channel marked by each (1). And the recent rally has this popular crypto testing its 3.618% Fibonacci extension level as well as last year’s highs at (2).

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Bitcoin Breakout Coming Next?

If Bitcoin can break out to new highs at (3), it could go much higher. Perhaps the next channel resistance, which comes into play around the $250,000 level?!?  Stay tuned!

This article was first written for See It Markets.com. To see the original article CLICK HERE

 

 

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