Critical Levels in Bitcoin Have Been Set – What Levels Must Be Exceeded for an Explosive Uptrend? What Level Is Important to Prevent a…

Cryptocurrency analysis firm MakroVision, in its latest technical assessment for Bitcoin (BTC), stated that the market has entered a healthy consolidation phase following a strong rally.

The company stated that BTC has entered a classic “bull flag” formation, a positive technical structure often seen following rapid price increases.

According to MakroVision’s analysis, the most critical short-term resistance level for Bitcoin is the Fibonacci retracement at around $121,100. Breaking this level could trigger a new upward wave. Meanwhile, support at around $113,600 coincides with the 0.382 Fibonacci retracement level, and a potential return to this level would be considered a healthy technical correction.

The firm said that if BTC can sustain above $106,000, the medium-term bullish momentum will be maintained.

The analysis indicates that if Bitcoin breaks above $121,000, the 1.382 Fibonacci extension point at around $129,600 will be highlighted. If this level is also broken, the next target could be around $133,800.

*This is not investment advice.