Bitcoin (BTC/USD): Multi-Month Macro Outlook & Key ROAD TO 150KBitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.Pbaris3BITCOIN Bitcoin has enjoyed a solid rally over the past few months. However, throughout this entire leg up from the bottom, price has not once tested the 0.5 Fibonacci retracement level. From a structural perspective, a visit to this key area is overdue. Looking at the monthly chart, here is how the primary scenario unfolds: The 70k Retracement: I would expect a pull-back to test the key 0.5 Fib level around $70,000. If strong buying volume steps in here, it will solidify a higher low and mark a point of no return for lower levels. The Macro Target: From there, price should push toward the upper main Fibonacci target visible on this timeframe. The Expansion (Two Scenarios): Once we reach that major upper Fib, we are likely looking at either: A double top formation near the previous All-Time High, or A rapid, narrative-driven breakout straight to $150,000, setting a brand-new All-Time High. Methodology & Key Takeaways This analysis is built strictly on the Monthly chart using key Fibonacci measurements. The goal here is to keep the chart clean, straightforward, and objective, showing where price is naturally inclined to flow. This macro perspective comes from a lot of time spent studying the higher-timeframe price action. Make sure to follow for more analyses and updates as this setup plays out. I look forward to sharing more professional analyses with you. Disclaimer: This post represents my personal perspective and is for educational and informational purposes only. It is not financial or investment advice.