Bitcoin’s advance just cleared a critical hurdle: price is holding above the 1.618 Fibonacci extension, a zone that often flips from resistance to support in powerful trends. That opens the door to the next map point at the 2.618 extension near $155,632. How price behaves between these extensions typically sets the tone for the next leg of the cycle—momentum continuation or a sharp reset.

What’s happening now

Bitcoin’s structure remains textbook bullish: higher highs, higher lows, and rising participation on breaks. The 1.618 band now acts as a pivot where dip demand tends to appear in strong cycles. The next major confluence sits around the 2.618 ($155,632), historically a zone where trend-followers take profits and late momentum chases can get punished if confirmation is weak.

Why it matters to traders

Fibonacci extensions are widely tracked, meaning they often attract liquidity and define risk for systematic flows. Holding above 1.618 supports the case for continued trend strength; a decisive push toward 2.618 can accelerate if volume and spot-led buying expand. Failure to hold 1.618, however, raises odds of a deeper mean reversion back to prior breakout structures.

Actionable game plan

• Define levels: Mark the current 1.618 band as support and 2.618 (~$155,632) as the next resistance/target. Set alerts just above/below both zones.
• Trade the trend: For continuation setups, look for a clean daily close above local highs with rising volume and spot-led flows before targeting the 2.618 area.
• Buy the dip (advanced): Consider staggered bids near 1.618 only with a tight invalidation below the most recent swing low. If the level fails, step aside.
• Confirm strength: Favor entries when funding is not excessively positive, open interest builds alongside price (not against it), and there’s a spot premium over perps.
• Manage risk: Trail stops beneath prior day lows or a 2x ATR stop. Into 2.618, scale out in tranches; avoid chasing if momentum indicators show bearish divergence.

Key risks and invalidation

A fast rejection near 2.618 with declining volume and overheated funding often precedes whipsaws. A daily close back below 1.618 would weaken the bullish thesis and shifts focus to prior consolidation bases. Watch for macro surprises, ETF flow slowdowns, or miner distribution spikes that can flip momentum abruptly.

Bottom line

The path of least resistance remains up while Bitcoin defends the 1.618, with $155,632 as the next high-conviction technical waypoint. Respect the levels, demand confirmation on breakouts, and let risk controls do the heavy lifting.

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