Trading legend macroeconomist Henrik Zeberg pointed out $ 120 thousand for Bitcoin (BTC).
Yann Allemann, founder of on-chain analysis platform Glassnode, posted on social media January 22 in your post, featured Henrik Zeberg’s analysis of Bitcoin. Legendary name Zeberg explains that Bitcoin’s recent declines are It’s just a minor correction He stated that it could be.
Famous American writer in his post Mark TwainQuoting Allemann, “History doesn’t repeat itself but it often rhymesHe drew attention by using the sentence.
of Bitcoin From resistance in the 1.27 Fibonacci zone The experienced name stated that it bounced down and that this was a support zone and that the same chart 2017 And 2020 at the end with corrections overlapping he emphasized. After the corrections on these dates, there were significant increases in the price of Bitcoin.
Currently as a target 6.618 Fibonacci zone well 120 thousand dollars band Pointing out Henrik Zeberg, “bull flag120 thousand dollar scenario defined as It could happen in 2024 implied:
Bitcoin moved into the 6.618 Fib extension after the bull flag correction. We are currently in a minor correction around the end of 2017 and the end of 2020. Will history repeat itself in 2024 and will Bitcoin be able to reach the 6.618 Fib Extension in this bull market? This gives us a target of around $120k. Time will tell!
According to CoinGecko data, in the last 24 hours 2.2% Bitcoin losing value at the time of writing from $40,900 is being traded.
