Bitcoin Price Forecast: $100K Target Could Be Realized using Fibonacci

Bitcoin has recently surpassed the $91,000 barrier, indicating a bullish trend. This recent surge is attributed to the successful test of a key 61.8% Fibonacci retracement level from the November decline. According to FxPro analyst Alex Kuptsikevich, this breakthrough could pave the way for further price increases. Fibonacci analysis, which uses mathematical ratios to identify potential support and resistance levels, suggests that sustained momentum above $91,000 is likely to trigger the next major upward movement. ]