Bitcoin Faces Critical Battle Between $86,000 Support and $100,000 Cap

Bitcoin is currently at a critical point, with its macro retracement phase intersecting a tight range between $86,000 and $100,000. Bearish patterns are confirmed, and short-term support is holding.

Key Points:

Bitcoin has confirmed a macro top, transitioning into a broader retracement phase as per Crypto Patel. The market structure has shifted to a bearish phase.
A Head and Shoulders formation indicates a potential larger trend reversal.
Key Fibonacci retracement levels include $56,700 (0.382), $44,000 (0.5), and $35,000 (0.618).
An unfilled fair value gap between $98,000 and $100,000 may attract a short-term relief bounce, but the overall outlook remains bearish.
Potential deeper move towards $70,000–$60,000 Fibonacci supports is possible.

Bitcoin

Current Range Dynamics:

Price is hovering near $90,300, after rejection from the $96,000–$100,000 zone and 50-day EMA.
Support is seen at the $86,000–$88,000 demand zone, preventing a broader breakdown.
A move above $100,000 could signal a trend reversal.
If $88,000 support is lost, Bitcoin may pull back further to the $72,000–$76,000 region.

Bitcoin

Market participants should remain flexible and watch for confirmation before making decisions.