BTC – Bearish Pullback Scenario Toward 50% Fibonacci (~63,000$)
BTC is currently showing signs of structural weakness after rejection from the upper Fibonacci resistance zone (0.786–0.88). Price failed to hold above this area and has started forming lower highs, suggesting momentum is shifting bearish in the short to mid term.
From a Fibonacci retracement perspective, the 50% level (red line) around 63,000$ stands out as a key magnet price. Historically, BTC tends to revisit this level during deeper corrections within larger bullish cycles.
Key confluences supporting this bearish pullback:
Loss of momentum after ATH rejection
Breakdown below local support and short-term moving average
Market structure shifting from impulsive to corrective
50% Fib aligning with prior consolidation and demand zone
Bearish Scenario:
If BTC fails to reclaim and hold above the 0.618 Fib, continuation to the 50% Fib (~63K) becomes highly probable. This level could act as a major reaction zone for either a strong bounce or further downside.
Bullish Invalidation:
A clean reclaim and hold above the 0.786 Fib resistance would invalidate this bearish outlook and open the door for continuation toward highs.
⚠️ This analysis reflects a correction within a macro uptrend, not a trend reversal.
Not financial advice. Always manage risk.
Please comment what do you think BTC next scenario would be?
BTC is currently showing signs of structural weakness after rejection from the upper Fibonacci resistance zone (0.786–0.88). Price failed to hold above this area and has started forming lower highs, suggesting momentum is shifting bearish in the short to mid term.
From a Fibonacci retracement perspective, the 50% level (red line) around 63,000$ stands out as a key magnet price. Historically, BTC tends to revisit this level during deeper corrections within larger bullish cycles.
Key confluences supporting this bearish pullback:
Loss of momentum after ATH rejection
Breakdown below local support and short-term moving average
Market structure shifting from impulsive to corrective
50% Fib aligning with prior consolidation and demand zone
Bearish Scenario:
If BTC fails to reclaim and hold above the 0.618 Fib, continuation to the 50% Fib (~63K) becomes highly probable. This level could act as a major reaction zone for either a strong bounce or further downside.
Bullish Invalidation:
A clean reclaim and hold above the 0.786 Fib resistance would invalidate this bearish outlook and open the door for continuation toward highs.
⚠️ This analysis reflects a correction within a macro uptrend, not a trend reversal.
Not financial advice. Always manage risk.
Please comment what do you think BTC next scenario would be?
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.