BITCOIN - $150,000 OR $40,000? - 2024 - CryptoManiac101

Jun 1

BITCOIN / USD TA

1. Price Levels and Movements:
- The current price is around $67,696.56.
- There is a notable high at around $68,470.80.
- Fibonacci retracement levels are displayed, indicating potential support and resistance levels:
- 0.236 level at around $21,782.45.
- 0.382 level at around $26,761.12.
- 0.5 level at around $31,684.07.
- 0.618 level at around $37,486.17.
- 0.786 level at around $47,664.25.

2. Future Projections:
- The chart suggests potential future price targets/retracements:
- 1.0 Fibonacci extension level at around $64,736.25.
- 1.618 Fibonacci extension level at around $156,705.06.

3. Trend Lines and Channels:
- The price is moving within upward-sloping trend channels.
- There are dotted lines indicating potential future price channels.

4. Annotations and Indicators:
- Green arrows indicating potential buy signals and points of interest.
- A pink arrow suggesting a significant price movement.
- A highlighted oval region projecting a potential bullish move.
- Various potential future price paths indicated by white lines.

Overall, the chart is a technical analysis of Bitcoin’s price, indicating possible future price movements based on historical data and Fibonacci retracement levels.