Bitcoin Price Action: Full Retrace to Yearly Open

Bitcoin has erased all 2026 gains, completing a 100% retracement of the recent upside move.

Key Levels • Rejection: $97,900 (+12% peak)

• Support: ~$87,500 (Yearly Open)

Market Insight The sharp pullback has reset YTD performance to neutral. Despite the volatility, the broader technical structure remains intact. This type of move often reflects a shakeout phase, flushing excess leverage before the dominant trend resumes.

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