Bitcoin Holds 0.786 Fibonacci Support as Price Targets $88K–$98K Rally Zones

Bitcoin’s reaction from the 0.786 Fibonacci level at $83,308 strengthened buyer confidence as price moved above $86,500 and activated nearby upside zones.

The market now tracks $88,000, $93,000, and $98,000 as defined upside targets, each aligning with Fair Value Gaps and previously active supply regions.

Current structure reflects sustained buyer presence above $83,308, with short-term momentum supported by recent liquidity recovery and well-defined technical reaction points.

Bitcoin began the week with a controlled rebound, stabilizing after reacting firmly to a crucial technical level. Market participants are watching whether the current structure can sustain its momentum as price trades above the final bullish support.

Rebound From the 0.786 Fibonacci Level

Bitcoin responded to the 0.786 Fibonacci retracement level at $83,308 with precise accuracy, forming a clean bounce that aligned with projections shared by market analyst Crypto Patel on X. His update noted that BTC produced an immediate upside move from this support zone. The reaction showed buyers defending the structure after a long-wick rejection appeared on the daily candle.

The rebound lifted Bitcoin above $86,500, creating a controlled 5–6% advancement from the level mentioned in the analyst’s tweet. This move positioned the market inside a short-term relief phase as price attempts to revisit areas of inefficiency. The 0.786 region now stands as the boundary between continued strength and renewed downward pressure.

Crypto Patel emphasized that the structure maintains a bullish stance as long as Bitcoin trades above this level. Market participants now monitor how price behaves as it approaches nearby liquidity pockets.

Upside Targets Driving the Near-Term Structure

Bitcoin’s advance places three main targets into focus. The first is the $88,000 imbalance, defined as a Fair Value Gap that forms the closest upside objective. This zone sits just above current price and serves as a short-term area where liquidity may be collected. Its proximity makes it a natural checkpoint for the ongoing phase.

The mid-range target sits at $93,000, where a bearish order block previously forced a sharp rejection. This level retains importance because sellers showed strong interest during the last interaction. If momentum remains stable, Bitcoin could revisit this supply zone.

The upper target, $98,000, reflects a larger inefficiency positioned around mid-range resistance. Crypto Patel described this region as a magnet if bullish continuation strengthens. Its structure suggests that buyers could aim for this zone during a sustained move.

Risk Scenario Below the Final Support Zone

The discussion also addressed the potential downside if Bitcoin fails to hold the 0.786 Fibonacci threshold. Crypto Patel stated that losing the $83,000 line would reduce bullish momentum and shift market structure to a weaker stance. This change may direct price toward the deeper demand region.

The $66,000 demand zone remains the next major area where higher-timeframe buyers previously engaged. This region reflects a cluster of stronger order flow that supported earlier reactions during the broader cycle. Its depth makes it an important reference for analysts observing long-term positioning.

For now, Bitcoin continues to trade above the threshold, keeping the relief structure active. Market participants are watching this level closely as it defines the boundary between continuation and broader retracement.

The post Bitcoin Holds 0.786 Fibonacci Support as Price Targets $88K–$98K Rally Zones appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.