Bitcoin continues to attract the attention of investors by surpassing critical resistance levels. According to technical analysis, the cryptocurrency’s next big target is set at $130,000. This level stands out in line with the 3.618 extension obtained from Fibonacci analysis.
Technical Indicators Support Bitcoin
Cryptocurrency analysts evaluate Bitcoin’s movements with Fibonacci levels. Following the recent rise, the $130,198 level stood out as a strong target. Experts state that it is possible to reach this level if market conditions remain stable. In particular, the increase in adaptation in global markets supports the upward movement of Bitcoin.
Analyst Matthew Stella said, “The possibility of Bitcoin reaching $130,000 looks very strong thanks to technical indicators and market adaptation.” This situation brings with it new opportunities for investors.
USDT Dominance and the Status of Altcoins
USDT Dominance (USDT.D) is a critical indicator to understand the overall sentiment in the market. This rate, which has been decreasing in recent days, indicates that investors are turning more to the cryptocurrency market. This situation is considered as a harbinger of positive market movements.
The altcoin market, on the other hand, exhibits a different dynamic compared to Bitcoin. Analysts are focusing on ALTBTC pairs to better evaluate the performance of altcoins. In particular, the SOL/BTC pair has approached an important support zone. If this level is maintained, the impact of altcoins on the market is expected to strengthen.
The possibility of Bitcoin reaching the $130,000 level is closely linked to changes in USDT Dominance and the performance of altcoins. Investors shape their decisions by following technical indicators and market trends. Market experts emphasize the importance of being patient and careful in this process.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
