Bitcoin is currently testing its first major support at the 0.618 Fibonacci retracement, a critical level that often acts as a decision point for trend continuation. This level must hold to maintain bullish structure.
A sustained breakdown below the 0.618 would shift focus to the 0.786 Fibonacci level, which would act as the last line of support before a deeper correction. Failure to hold this zone opens the door for a potential revisit of 67,528.
In the event of continued downside pressure, 73,510 becomes a key level to watch, as losing this area would confirm weakness and leave it as the final support zone before further downside.
A sustained breakdown below the 0.618 would shift focus to the 0.786 Fibonacci level, which would act as the last line of support before a deeper correction. Failure to hold this zone opens the door for a potential revisit of 67,528.
In the event of continued downside pressure, 73,510 becomes a key level to watch, as losing this area would confirm weakness and leave it as the final support zone before further downside.
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