Fibonacci Support Under Pressure
Bitcoin is currently hovering around a critical technical level on the charts, and many analysts are sounding alarms — saying if support fails, BTC could slide toward roughly $76,000.
📉 What’s Happening
According to one technical view, Bitcoin sits at the 0.382 Fibonacci retracement zone, often a key battleground between bulls and bears.
A break below this zone could trigger a drop to the April-2025 lows — near $76,000 — according to some analysts.
The drop toward this support zone comes amid renewed volatility: BTC briefly dipped under $88,000 over the weekend before bouncing back above $91,500.
🔎 Why It Matters
The 0.382 Fibonacci level is often regarded as one of the last strong supports in a retracement cycle. Losing this floor could open the way to deeper pullbacks.
A drop to $76,000 is non-trivial — it would wipe out much of the gains from the recent rally, and could signal a more extended correction or shift in market structure.
