Bitcoin Bulls Must Defend This Level — Or $76,000 Is Next

Bitcoin is currently trading near a critical technical zone that bulls must defend to avoid a deeper correction, according to analyst Daan Crypto Trades. He points to the 0.382 Fibonacci retracement as a key support-resistance area that often defines major market cycles.

If this level fails, Bitcoin could drop toward the April low near $76,000, a move that would seriously damage the long-term market structure.

Late Sunday, Bitcoin saw a violent liquidation sweep, briefly dipping below $88,000 before quickly rebounding above $91,500. Analysts described this as a classic low-liquidity weekend manipulation, clearing both long and short leveraged positions.

All Eyes on the Fed This Week

The upcoming FOMC meeting on Tuesday and Wednesday is now the market’s main focus. A 0.25% rate cut is widely expected. However, since October’s cut, crypto momentum has weakened as Fed Chair Jerome Powell emphasized a data-dependent, non-linear easing path.

With declining volume and negative ETF flows, upside participation remains limited. Analysts warn that downside risk currently outweighs upside potential.

Still, longer-term outlook remains cautiously optimistic, with expectations for further rate cuts in 2026, which could eventually support risk assets like crypto.

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