BTC Technical Outlook: Bitcoin Consolidates Below Key Fib Levels After Sharp Breakdown
Bitcoin remains under corrective pressure after failing to sustain above the $109K–$112K resistance zone, which aligns with the 0.618 Fibonacci retracement (~$109,400). The rejection from the upper range and subsequent breakdown below the rising trendline has shifted the market structure from bullish to neutral-bearish in the medium term.
Price is currently consolidating near the $86K–$88K region, forming a short-term base after an aggressive sell-off from the $120K+ highs.
EMA Structure (Bearish to Neutral Bias)
20 EMA – $88,648
50 EMA – $92,672
100 EMA – $98,318
200 EMA – $101,408
BTC is trading below all major EMAs, with the 20 & 50 EMA acting as immediate dynamic resistance. The bearish EMA alignment suggests sellers still control momentum, and any upside move is likely to face selling pressure near the $92K–$98K zone.
Fibonacci & Price Structure
0.786 Fib: $116,455 (major rejection zone)
0.618 Fib: $109,426 (key breakdown level)
0.5 Fib: $103,440 (trend-defining resistance)
0.382 Fib: $98,070
0.236 Fib: $91,426
BTC failed to hold above the 0.5–0.618 Fib cluster, confirming a deeper correction phase. The current consolidation lies just above a strong historical demand zone between $85K–$88K, which is providing temporary support.
A breakdown below this zone could expose BTC to the $80K–$82K liquidity area, while a successful hold may allow for a relief bounce.
RSI Momentum
RSI is trading around 43–44, reflecting weak momentum with mild recovery attempts, but still below the bullish 50 level. This suggests consolidation rather than a confirmed reversal.
📊 Key Levels
Resistance
$88,600–$89,500 (20 EMA)
$91,400 (0.236 Fib)
$98,000–$101,400 (0.382 Fib + 200 EMA)
$103,400 (0.5 Fib)
$109,400 (0.618 Fib)
Support
$85,800–$87,000 (major demand zone)
$80,600–$82,000 (next downside support)
RSI
43–44 — neutral-bearish momentum
📌 Summary
Bitcoin is consolidating after a sharp correction, holding above a key demand zone near $86K. While downside momentum has slowed, the broader structure remains bearish below $98K–$101K. A sustained recovery requires BTC to reclaim the $103K–$109K range, while a breakdown below $85K would likely trigger further downside expansion.
$BTC
#CryptoMarketMildlyRebounds
Bitcoin remains under corrective pressure after failing to sustain above the $109K–$112K resistance zone, which aligns with the 0.618 Fibonacci retracement (~$109,400). The rejection from the upper range and subsequent breakdown below the rising trendline has shifted the market structure from bullish to neutral-bearish in the medium term.
Price is currently consolidating near the $86K–$88K region, forming a short-term base after an aggressive sell-off from the $120K+ highs.
EMA Structure (Bearish to Neutral Bias)
20 EMA – $88,648
50 EMA – $92,672
100 EMA – $98,318
200 EMA – $101,408
BTC is trading below all major EMAs, with the 20 & 50 EMA acting as immediate dynamic resistance. The bearish EMA alignment suggests sellers still control momentum, and any upside move is likely to face selling pressure near the $92K–$98K zone.
Fibonacci & Price Structure
0.786 Fib: $116,455 (major rejection zone)
0.618 Fib: $109,426 (key breakdown level)
0.5 Fib: $103,440 (trend-defining resistance)
0.382 Fib: $98,070
0.236 Fib: $91,426
BTC failed to hold above the 0.5–0.618 Fib cluster, confirming a deeper correction phase. The current consolidation lies just above a strong historical demand zone between $85K–$88K, which is providing temporary support.
A breakdown below this zone could expose BTC to the $80K–$82K liquidity area, while a successful hold may allow for a relief bounce.
RSI Momentum
RSI is trading around 43–44, reflecting weak momentum with mild recovery attempts, but still below the bullish 50 level. This suggests consolidation rather than a confirmed reversal.
📊 Key Levels
Resistance
$88,600–$89,500 (20 EMA)
$91,400 (0.236 Fib)
$98,000–$101,400 (0.382 Fib + 200 EMA)
$103,400 (0.5 Fib)
$109,400 (0.618 Fib)
Support
$85,800–$87,000 (major demand zone)
$80,600–$82,000 (next downside support)
RSI
43–44 — neutral-bearish momentum
📌 Summary
Bitcoin is consolidating after a sharp correction, holding above a key demand zone near $86K. While downside momentum has slowed, the broader structure remains bearish below $98K–$101K. A sustained recovery requires BTC to reclaim the $103K–$109K range, while a breakdown below $85K would likely trigger further downside expansion.
$BTC
#CryptoMarketMildlyRebounds
