NewsBTC
Mar 8, 2026 upd. 12 Jun
2 0

Analyst warns Bitcoin must hold $63,700 to avoid $57K

1 min

Alphractal CEO Joao Wedson named $63,700 as a must-hold support for Bitcoin. A breakdown could trigger a deeper slide.

He flagged the level on X. He tied it to the Fibonacci-adjusted Market Mean Price, an on-chain cost-basis metric for holders. Source: Wedson on X, NewsBTC on the metric.

  • Must hold: $63,700 source
  • If lost, next supports: $57,000 and $52,400 source
  • Worst case: $48,700, flagged as a possible bottom source

“Levels are dynamic and update daily,” Wedson wrote. Source.

BTC trades near $67,330. Down about 1% in 24 hours. Nearly 50% below the ~$126,080 ATH, per the report.

Fibonacci-adjusted Market Mean Price levels for Bitcoin from Joao Wedson