Bitcoin (BTC) has broken out of a four-year bullish megaphone pattern, which may propel its ... 2.0x the length of Wave (3), aligning with Fibonacci-based price targets inside the $270,000-300,000 ...

It also dropped slightly below the 50% Fibonacci Retracement level at 0.6425. On the positive side, it has remained above the 50-day moving average and formed a megaphone chart pattern.