Bitcoin Analysis | October 16, 2024

Headshot of Trent Klarenbach, founder of Klarenbach Research
Trent Klarenbach
October 16, 2024
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October 16, 2024
I break down Bitcoin’s key price levels using Fibonacci retracement, focusing on targets like $70,000, $81,000, and $102,000. If Bitcoin clears $70,000, I expect bullish momentum, but also likely pullbacks at $81,000 and $102,000. This analysis was sparked by a suggestion from a subscriber, Adam, who wanted a closer look at Bitcoin and other commodities. If you have ideas for future analysis, reach out—I'd be happy to take a look.