Bitcoin Bulls Are Back: Can They Push Past $131,000?

Bitcoin’s record-breaking week closed at $123,515, with bulls dominating. Fibonacci extensions point to $131,000 as the next resistance, while $118,000 holds as key support.

By Vast Stallion · March 16, 2026 · 1 min read

Bitcoin Bulls Are Back: Can They Push Past $131,000?

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Source: Bitcoin Magazine

Bitcoin’s record-breaking week closed at $123,515, with bulls dominating. Fibonacci extensions point to $131,000 as the next resistance, while $118,000 holds as key support.