Bitcoin
Long

$BTC rip in a week or 2 according to this

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This Bitcoin/USD (BTCUSD) weekly chart on Coinbase includes:

Fibonacci retracement levels from ~50K to ~97K.
Three historical uptrends, marked with white trend lines, aligning with previous bull runs.
SMA 50 (blue line) at ~75K, acting as a major support level.
Current BTC price at ~93K, testing previous all-time highs.
Fibonacci extensions suggesting potential targets:
1.618 (~127K)
2.618 (~174K)

- The white trend lines represent Bitcoin's historical bull runs, showing a repeating pattern of parabolic uptrends before a major correction. Here's what they reveal:

1️⃣ 2017 Bull Run
Steep incline leading to BTC’s first real mania phase.
Price surged from sub-1K to ~20K before a massive correction.
The trend line broke, confirming the end of that cycle.
2️⃣ 2020-2021 Bull Run
Similar structure to 2017, but with more consolidation before lift-off.
Price rallied from ~10K to ~69K before breaking down.
The trend line served as an early warning of the 2022 bear market.
3️⃣ 2023-2024 Bull Run (Current)
The trend line is still intact, meaning BTC is respecting the current bullish structure.
Price is testing previous ATH (~97K zone).
Break above? 127K-174K targets in play (Fibonacci extension).
Break below? 75K SMA becomes a key level to watch.

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