Bitcoin Faces Critical Resistance as Key Levels Converge
Bitcoin (BTC) is at a crucial juncture. It’s hitting a cluster of strong resistance levels. bulls have been strong lately, but this could change. Several key indicators point to a possible deeper correction.
Bitcoin is now near the 0.618 Fibonacci level. This level is vital. It’s where the C-leg of an ABCD correction might end. The price is also near past control points and value area lows. These factors suggest a potential reversal.
Traders are watching the $94,000–$95,000 zone. this area combines multiple technical signals. If it fails to break through, a pullback is likely. The ABCD correction pattern is forming.If the price can’t push higher, a deeper dip may follow. The ABCD pattern shows a classic retracement. If resistance holds,
