Bitcoin recently completed a pullback in its market cycle, reaching significant levels. It cleared a bearish order block and retraced to test its previous local high, sparking discussions about the end of the correction phase. The recent price action saw Bitcoin retracing to a significant resistance-turned-support zone, but market analysts are still cautious about the potential for another pullback. The price chart indicates a rejection at the $108,355 level, triggering a pullback to the $102,000 support zone. There is volume accumulation between $96,000 and $97,000, serving as a mid-level support. The 0.236 Fibonacci retracement level near $91,000 represents a potential deeper correction target. Traders and investors are closely monitoring these levels for confirmation of support, as it will dictate the next major trend direction. While Bitcoin has shown resilience, there is a possibility of additional downside and a retest of lower levels before resuming upward movement. Indicators such as volume trends and market sentiment suggest consolidation rather than an immediate breakout, with traders observing these developments for entry and exit points.



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