{"id":23703,"date":"2025-04-25T07:31:41","date_gmt":"2025-04-25T07:31:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=23703"},"modified":"2025-04-25T07:31:41","modified_gmt":"2025-04-25T07:31:41","slug":"bitcoin-headed-to-135000-analyst-uses-fibonacci-extension-to-make-the-case","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=23703","title":{"rendered":"Bitcoin Headed To $135,000? Analyst Uses Fibonacci Extension To Make the Case"},"content":{"rendered":"
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Bitcoin (BTC) has surged more than 10% over the past seven days and is currently trading in the low $90,000 range. Crypto analyst Titan of Crypto suggests that further gains may be on the horizon based on Fibonacci extension levels.<\/p>\n

Bitcoin May Climb To $135,000<\/h2>\n

In a post<\/a> published on X today, Titan of Crypto outlined Bitcoin\u2019s potential path to $135,000. Using Fibonacci extension levels, the analyst predicts that the flagship digital asset could surge as high as $135,109 by July-August 2025.<\/p>\n

For the uninitiated, Fibonacci extension levels are technical analysis tools used to identify potential price targets during strong trends by projecting key Fibonacci ratios beyond a recent price swing. Traders use these levels to anticipate where an asset might find resistance or complete a move after a breakout.<\/p>\n

According to the following weekly BTC chart shared by Titan of Crypto, a 100% Fibonacci extension from Bitcoin\u2019s recent retest of the $76,000 support level projects its next major target near $135,000.<\/p>\n

\"titan\"<\/p>\n

The chart highlights similar price behavior from August 2024, when BTC surged nearly 100%, setting a new all-time high (ATH) around $73,000 by November 2024. If the current trend follows a similar trajectory, BTC may post a new ATH by July 2025.<\/p>\n

Other crypto analysts also predict positive price action for the leading digital asset. For example, crypto analyst Jelle shared a chart showing BTC breaking through a downside deviation.<\/p>\n

\"jelle\"<\/p>\n

Jelle noted<\/a> that BTC is giving bulls \u201cexactly what they want to see.\u201d Following the recent rally, BTC experienced a shallow pullback and appears poised to confirm a range-low reclaim before potentially pushing higher. The analyst added that BTC could next test resistance near $100,000.<\/p>\n

Binance Data Indicates An Upcoming Short Squeeze<\/h2>\n

Adding<\/a> to the bullish case is trading data from Binance. According to a CryptoQuant Quicktake post by Novaque Research, BTC outflows from the exchange have risen significantly since April 19.<\/p>\n

The surge in withdrawals is backed by declining exchange reserves, suggesting reduced short-term selling pressure and a market increasingly driven by retail participants. The post states:<\/p>\n

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High-leverage longs were flushed out between $82K and $88K, indicating that weak hands had been eliminated. Large short positions remain susceptible above $92,000, creating the possibility of a short squeeze, which might act as the next step higher.<\/p>\n<\/blockquote>\n

Broader macroeconomic factors could also contribute<\/a> to BTC\u2019s upside. For instance, rising concerns over the US Federal Reserve\u2019s autonomy may<\/a> drive investors toward decentralized assets like Bitcoin. At press time, BTC trades at $93,302, up 0.8% in the last 24 hours.<\/p>\n

\"bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) has surged more than 10% over the past seven days and is currently trading in the low $90,000 range. Crypto analyst Titan of Crypto suggests that further gains may be on the horizon based on Fibonacci extension levels. Bitcoin May Climb To $135,000 In a post published on X today, Titan of Crypto […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-23703","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23703"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23703\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}