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Bitcoin retesting $100,000 would lucifer erstwhile BTC terms dips since the extremity of 2024, Fibonacci retracement investigation shows.
Key points:
Bitcoin sees a humble rebound into the play candle close, but traders spot cardinal absorption overhead.
BTC terms enactment risks a overmuch deeper driblet if bulls neglect to reclaim that absorption zone.
Fibonacci investigation hints that specified a driblet whitethorn not walk much than 10%.
Bitcoin (BTC) returned supra $111,000 into Sunday’s play adjacent arsenic investigation saw “promising” betterment signs.
BTC/USD one-hour chart. Source: Cointelegraph/TradingViewBTC terms “logical” bounce portion adjacent $100,000
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining astir 1% connected the time to deed section highs of $111,369.
The pair’s latest dip, which followed US macroeconomic data, saw bulls sphere $110,000 support.
“This is really promising connected $BTC,” crypto trader, expert and entrepreneur Michaël van de Poppe responded connected X.
“It makes a caller higher debased and holds the enactment astatine $110K. Would beryllium large if we ace $112K and occurrence up the bull run.”
BTC/USDT one-day illustration with RSI data. Source: Michaël van de Poppe/XMarket participants continued to clasp diverging views implicit short-term BTC terms action. Popular trader Cipher X suggested that $112,000 could spark caller lows should bulls neglect to reclaim it next.
$BTC holds astir $111K, but operation hints astatine a imaginable dip
If momentum stalls beneath $112K, I expect a pullback toward $108K support
Nothing large is happening crossed the marketplace close present - it’s the play truthful champion to enactment diligent and relaxed. pic.twitter.com/JP8lUHoKNz
“We either flip $113,000 and pump to caller highs, oregon if we cull present we driblet to $100,000,” chap trader Crypto Tony added connected the day, adopting a much categorical position based connected the play chart.
Trader TurboBullCapital referenced the 50-day and 200-day elemental moving averages (SMAs) astatine $115,035 and $101,760, respectively, arsenic important levels to ticker going forward.
“Lose the $107k country & the downside people becomes the $101k level which besides happens to coincide with the MA200,” portion of an X station concluded.
“This is simply a logical country to expect a bounce.”
BTC/USD one-day illustration with 50, 200SMA. Source: Cointelegraph/TradingViewBitcoin’s “worst lawsuit scenario” coincides with $100,000
As Cointelegraph reported, 1 mentation connected longer timeframes involves marketplace makers connected speech bid books.
Related: Bitcoin carnivore marketplace owed successful October with $50K bottommost target: Analysis
Short sellers and bears, it suggests, could beryllium the victims of manipulation anterior to a elephantine abbreviated compression lawsuit taking the marketplace to caller all-time highs. This would echo terms enactment successful precocious 2024.
In the meantime, Fibonacci retracement levels connote a maximum driblet of 10%, again based connected humanities behaviour since the extremity of past year.
“$BTC usually bottoms astatine 0.382 Fibonacci level. This happened successful Q3 2024, Q2 2025 and volition astir apt hap again,” fashionable trader ZYN observed.
“For anyone wondering however debased we tin go, 0.382 Fibonacci level is presently astir $100K. So the worst lawsuit script is simply a 10% driblet earlier a 50% rally supra $150,000.”
BTC/USDT one-week chart. Source: ZYN/XThis nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.
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