Bitcoin Struggles Below Resistance While Fibonacci Support Comes Into Focus

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin continues to face strong resistance as bulls struggle to reclaim higher price levels and restore upward momentum. With the market failing to break key resistance zones, attention is now shifting toward major Fibonacci support areas, where buyers could attempt to stabilize the current decline and prevent a deeper correction. Recovery Hopes Fade Unless Resistance Levels Break After failing to break above the $82,885 resistance peak, Bitcoin is experiencing selling pressure. According to crypto analyst Kamile Uray, the 4-hour chart still points to ongoing downside risk, with price action likely to remain weak as long as Bitcoin trades below the critical $78,203 level. Related Reading Why Bitcoin Still Needs Massive Capital Inflows To Ignite True Bull Run 2 days ago Uray explained that if BTC remains under $78,203, the decline could continue toward the $74,929 region, where buyers may attempt to step in and slow the downward momentum. However, failure to generate a meaningful recovery from that zone could trigger a much deeper correction across the broader market. The analyst also highlighted the $71,000–$68,000 range as a major Fibonacci support area where stronger buying interest could emerge. Source: Chart from Kamile Uray on X On the upside, key resistance levels to monitor remain around $98,000 and the $107,000–$109,000 region, which could act as a major barrier if Bitcoin attempts another recovery rally . Meanwhile, on the downside, the analyst pointed to the $60,000 level as a critical support zone, noting that a daily close below it would significantly strengthen bearish control and turn any future rallies into corrective bounces rather than signs of a sustained recovery. Bitcoin Stays Range-Bound As Market Awaits Breakout Signal Crypto analyst Ultimae noted that Bitcoin has remained stuck in a range-bound structure for the past 10 days, with price action showing little momentum in either direction. According to the analyst, the market is currently stabilizing around the $78,700 level, which had previously been identified as a key support zone. Related Reading Why The $65,000 Region Is Important As Bitcoin Gears Up To Face Massive Resistance At These Levels 1 day ago Currently, holding above this support remains important for maintaining short-term stability. However, if Bitcoin breaks decisively below it, the next downside target could be around $77,000 as bearish pressure intensifies. On the upside, the analyst pointed out that the $80,000 area is no longer acting as a major resistance barrier, while the more significant resistance level remains near $83,000. A successful breakout above that region could strengthen bullish momentum and potentially open the door for a move toward the $87,000 target zone. For now, Ultimae believes Bitcoin is likely to remain trapped within its current range unless the market produces a clear directional breakout. As long as neither support nor resistance is decisively broken, the broader outlook continues to favor sideways consolidation rather than the start of a strong trending move. BTC trading at $78,084 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com