Bitcoin price stabilizes at $93,895, model targets $119,693 and $152,128.

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CryptoChan2025/01/21 06:35

By:CryptoChan

According to the BTC Fib-Adjusted Balanced Price Bands model, the current price of Bitcoin has stabilized at Line 5 ($93,895), indicating that the market bulls are further consolidating the existing support level.

The model is developed based on the combination of BTC's Balanced Price and Fibonacci sequence [1, 2, 3, 5, 8, 13, 21] ^ k, and shows the long-term trend and important range of Bitcoin price through historical backtesting. Multiple price bands (Line1 to Line7) in the figure correspond to different stages of market sentiment, presenting mathematical constraints on price changes and psychological price distribution.

Currently, as the price approaches Line6 ($119,693) and Line7 ($152,128), the bullish sentiment in the market is further heating up, especially after breaking through key resistance levels, which may trigger more capital inflows. These target areas not only symbolize potential price highs, but also reflect investors' confidence in future market trends.

In the upcoming market fluctuations, paying attention to the reaction of prices to these key price bands will be a key reference for judging future trends. Investors need to manage risks well while maintaining a dynamic focus on technical aspects.

Bitcoin price stabilizes at $93,895, model targets $119,693 and $152,128. image 0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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