#What’sNextforBitcoin?

Market Structure Overview
BTC has completed a classic distribution → breakdown → markdown sequence after rejecting the 0.786 supply zone near 112K.
Following that rejection:

Price failed to hold above 0.618 (100,856) and 0.5 (93,051)

Broke decisively below 0.382 (85,246)

Lost 0.236 (75,589) with strong impulsive momentum

This confirms bearish continuation on higher timeframes.
Currently, BTC is consolidating in the 68,000–70,000 range — sitting just above major macro support.
EMA Structure — Strong Bearish Alignment

20 EMA: 73,283

50 EMA: 80,706

100 EMA: 87,484

200 EMA: 93,882

Price is trading below all major EMAs, confirming a full bearish structure across higher timeframes.
The 80K–94K zone (50–200 EMA cluster) now acts as heavy dynamic resistance.
Until BTC reclaims this area, any upside is likely corrective rather than trend-reversing.
Fibonacci Structure

1.0 Fib: 126,123

0.786: 111,968

0.618: 100,856

0.5: 93,051

0.382: 85,246

0.236: 75,589

0 (Macro Base): 59,980

BTC has lost all major retracement levels and is trading in the lower corrective range.
Failure to defend 68K–70K increases the probability of continuation toward the macro base at 59,980.
Current Technical Structure

Clear descending channel from November highs

Consistent lower highs & lower lows

Impulsive breakdown below 75K

Weak consolidation forming near 68K

For Structural Recovery, BTC Must:

Reclaim 75,589 (0.236)

Break above 85,246 (0.382)

Close above 93,051 (0.5)

Until then, the broader trend remains bearish.
RSI Momentum

RSI (14): 30–36

RSI is hovering near oversold territory, suggesting downside momentum is stretched.
Short-term relief bounces are possible, but there is no confirmed higher-timeframe bullish divergence yet.
📊 Key Levels
Resistance

75,589 (0.236)

85,246 (0.382)

93,051 (0.5)

100,856 (0.618)

Support

68,000–70,000 (local demand zone)

59,980 (macro base / Fib 0)

📌 Summary
BTC remains in a confirmed macro downtrend after losing the 75K structural support.
Current price action suggests consolidation near support, but trend bias remains bearish unless price reclaims mid-Fibonacci resistance levels.
As long as BTC trades below 75K–85K, sellers maintain structural control.$BTC $BTC