Bitcoin Struggles Below Resistance While Fibonacci Support Comes Into Focus

Bitcoin continues to face strong resistance as bulls struggle to reclaim higher price levels and restore upward momentum. With the market failing to break key resistance zones, attention is now shifting toward major Fibonacci support areas, where buyers could attempt to stabilize the current decline and prevent a deeper correction. 

Recovery Hopes Fade Unless Resistance Levels Break

After failing to break above the $82,885 resistance peak, Bitcoin is experiencing selling pressure. According to crypto analyst Kamile Uray, the 4-hour chart still points to ongoing downside risk, with price action likely to remain weak as long as Bitcoin trades below the critical $78,203 level.

Uray explained that if BTC remains under $78,203, the decline could continue toward the $74,929 region, where buyers may attempt to step in and slow the downward momentum. However, failure to generate a meaningful recovery from that zone could trigger a much deeper correction across the broader market. The analyst also highlighted the $71,000–$68,000 range as a major Fibonacci support area where stronger buying interest could emerge. 

Source: Chart from Kamile Uray on X

On the upside, key resistance levels to monitor remain around $98,000 and the $107,000–$109,000 region, which could act as a major barrier if Bitcoin attempts another recovery rally. Meanwhile, on the downside, the analyst pointed to the $60,000 level as a critical support zone, noting that a daily close below it would significantly strengthen bearish control and turn any future rallies into corrective bounces rather than signs of a sustained recovery.