BTCUSD – Fibonacci Level 1.618 Forecast

The BTCUSD pair is likely to repeat the fractal pattern of the previous session: a strong rebound to an extension of the 1.618 Fibonacci level, followed by a volatile distribution phase and then an extension of the rebound.

During this cycle, prices remain within an uptrend channel and recent pullbacks look like false flags (multiple “flag” patterns that break out quickly and recover), indicating a liquidity grab rather than a clear trend reversal.

Fibonacci Roadmap:

The first major target is the extension of the 1.618 level (approximately 174,000), which corresponds to the behavior of the “Fibonacci Prediction” of the previous session.

If the fractal pattern continues, Bitcoin price may once again gradually rise within the channel and reach this extension, with altcoins often outperforming the market in the final stages (“altcoin season”).

Failure Idea: A decisive breakout of the channel bottom will weaken the fractal pattern and change its direction.

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