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Bitcoin: Could It Really Reach $250,000 Level?

Published 10/18/2021, 11:01 AM
Updated 07/09/2023, 06:31 AM

Bitcoin Weekly Chart.

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 five-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).

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!

Latest comments

Let us get upt 75k resistance first , then 100k. If we get both before the end of year ; next year $250k is possibility.
No
How bout 1 trillion? I mean … its worth nothing .
well, actual it's worth 62,000 right now
it only value is from FED behaviour to make 💰 worthless...
in this how to do
if its so good then why does it need the CNBC shills and bots on twitter to prop it up?
Not long ago technicians were using charts to predict gold over $3,000 and silver hitting $1,000.  We all know where those trades went...
😂😂😂So true
Btc is a more even, fair, and just system of monetary value than letting the fed and central banks determine what your dollar will buy you
BTC is for greedy society that does not stand for supporting education , health care, justice and all that taxes are supposed to support, for all
BTC is to wash dirty money 💰 , support fraud, drugs and illegal all kind of illegal activities...and more to spend energy , tons of energy to heat more our planet... only the lunatic FED behaviour to induce this nonsense liquidity is supporting the ridiculous value of the cripto handfuls of nothing!
no
yes it can ! just keep Mr "transitory" in is golden chair and oil will also hit 500 USD and copper ton 200k USD and coffe 250 USD ....😭😭😭😭
This person is a agent of big whale
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