$166,000 looks inevitable for Bitcoin, according to CryptoCon’s two-year Fibonacci roadmap
The post $166,000 looks inevitable for Bitcoin, according to CryptoCon’s two-year Fibonacci roadmap appeared on BitcoinEthereumNews.com. Bitcoin’s recent price moves have closely followed a two-year Fibonacci model. According to analyst CryptoCon, the next logical level could be around $166,000. Summary Bitcoin has consistently followed Fibonacci extension levels since bottoming at $15,500 in late 2022, with key pauses at $30,362, $46,831, $71,591, and $109,236. Crypto analyst CryptoCon projects $166,754 as the next logical level based on the 5.618 Fibonacci extension, which fits the cycle’s prior 52–54% spacing pattern. Institutional demand, particularly from U.S. spot Bitcoin ETFs now holding nearly $150 billion in assets, continues to support upward price pressure. Analysts warn of possible short-term pullbacks, with seasonal data showing September corrections in past cycles and sentiment metrics suggesting increasing profit-taking. Fibonacci’s fingerprints on Bitcoin’s rise Bitcoin’s (BTC) recent all-time high near $123,000 has triggered all the usual market questions. Some think the top is in. Others believe there is more room to grow. As of this writing on Aug. 4, BTC has dropped to around $114,500, down about 7% from its recent peak and approximately 4% over the past seven days. BTC price chart | Source: crypto.news But, CryptoCon, a widely followed analyst, believes Bitcoin is following a repeating pattern based on Fibonacci extensions. His model offers a path that Bitcoin has already followed for nearly two years. And if that path continues, the next destination may not be a surprise at all. During every Bitcoin decline, people start to fear the worst. I see 123k here, which is not $166,754. Every breakout this cycle has led to the perfect retest of a .618 extension. The 5.618 is inevitable! pic.twitter.com/mAFqT8mIMm — CryptoCon (@CryptoCon_) August 1, 2025 The story starts in late 2022, when Bitcoin fell to around $15,500 after the FTX collapse. That was the low point of the current cycle. CryptoCon calls this Retrace Point Zero. …
The post $166,000 looks inevitable for Bitcoin, according to CryptoCon’s two-year Fibonacci roadmap appeared on BitcoinEthereumNews.com.
Bitcoin’s recent price moves have closely followed a two-year Fibonacci model. According to analyst CryptoCon, the next logical level could be around $166,000. Summary Bitcoin has consistently followed Fibonacci extension levels since bottoming at $15,500 in late 2022, with key pauses at $30,362, $46,831, $71,591, and $109,236. Crypto analyst CryptoCon projects $166,754 as the next logical level based on the 5.618 Fibonacci extension, which fits the cycle’s prior 52–54% spacing pattern. Institutional demand, particularly from U.S. spot Bitcoin ETFs now holding nearly $150 billion in assets, continues to support upward price pressure. Analysts warn of possible short-term pullbacks, with seasonal data showing September corrections in past cycles and sentiment metrics suggesting increasing profit-taking. Fibonacci’s fingerprints on Bitcoin’s rise Bitcoin’s (BTC) recent all-time high near $123,000 has triggered all the usual market questions. Some think the top is in. Others believe there is more room to grow. As of this writing on Aug. 4, BTC has dropped to around $114,500, down about 7% from its recent peak and approximately 4% over the past seven days. BTC price chart | Source: crypto.news But, CryptoCon, a widely followed analyst, believes Bitcoin is following a repeating pattern based on Fibonacci extensions. His model offers a path that Bitcoin has already followed for nearly two years. And if that path continues, the next destination may not be a surprise at all. During every Bitcoin decline, people start to fear the worst. I see 123k here, which is not $166,754. Every breakout this cycle has led to the perfect retest of a .618 extension. The 5.618 is inevitable! pic.twitter.com/mAFqT8mIMm — CryptoCon (@CryptoCon_) August 1, 2025 The story starts in late 2022, when Bitcoin fell to around $15,500 after the FTX collapse. That was the low point of the current cycle. CryptoCon calls this Retrace Point Zero. …
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