Analyst: BTC could soon hit $100K based on Fibonacci retracement

FxPro analyst Alex Kuptsikevich told CoinDesk that BTC could soon surpass $100,000, based on Fibonacci retracement levels. He noted that the cryptocurrency has broken through the $91,000 mark, recovering to the 61.8% Fibonacci golden ratio level of its decline from Nov. 11 to Nov. 21. Kuptsikevich added that if this recovery holds in the coming hours, the price could soon climb to the $100,000 mark.