Bitcoin (BTC) Technical Analysis: Fibonacci Supports, Channel Compression, and Breakout Scenarios
Bitcoin is currently trading around a critical Fibonacci-derived support zone, where price behavior is likely to define the next medium-term trend. The market is showing signs of compression within a descending and narrowing channel, increasing the probability of a directional breakout in the near term.
Key Fibonacci Support: 75,672 USD
According to Fibonacci retracement levels, 75,672 USD has been identified as a major support area.
This level was tested yesterday, confirming its technical releva