Bitcoin is at a make-or-break point, trading at $92,762.63—just below the crucial 61.8% Fibonacci retracement level ($93,896.83). This zone often tells us whether a dip is just part of the cycle or a signal for more downside ahead.
Falling under this level isn’t the best sign, but it doesn’t mean all hope is lost. If BTC continues to slide, the next key area to watch is $91,466.52, which marks the base of this movement. But if buyers step in and push Bitcoin back above $93,896.83, it could signal a turnaround, with potential to climb toward $94,647.55 or even retest the recent high at $97,828.58.
This moment is pivotal—are we heading for a deeper correction, or is this just a quick reset before the next rally? All eyes are on Bitcoin now to see if it can recover and reclaim its momentum.