Bitcoin bounce from key FIB support levels: signs of structural strength?

Bitcoin is now trading above the $93,000 level, and Bitcoin shows strong momentum as the Bull continues to raise its prices. After weeks of uncertainty and heavy volatility, this trend seems to be shifting to recovery. The main goal now is to recoup the critical $100,000 mark, which will confirm sustainable rally into unknown territory and lay the foundation for the next major bullish phase.

However, the risk is still rising. Tensions between the United States and China continue to exist, and ongoing trade conflicts continue to create a backdrop of instability for global markets. Investors are browsing a fragile environment where any negative development can trigger a sharp response from risky assets, including Bitcoin.

Top crypto analyst Daan shared a technical analysis highlighting that BTC is currently rebounding and continuing from the 0.382 Fibonacci retracement level. Historically, this Fibonacci area acted as a classic support area during a healthy uptrend, providing a solid foundation for price continuation if defended successfully.

Bitcoin faces a critical stage as the bull fights for higher ground

Now, Bitcoin is entering a critical phase, as price action can define short-term or even medium-term trends over the next few weeks. After recovering the $93,000 level, the Bulls returned to short-term control. However, investors remain cautious because they know that any major negative catalyst can quickly span the reversal of risky assets, including Bitcoin.

Analysts are separated in the next big move. Some believe that Bitcoin may surpass its all-time high (ATH) in the coming weeks, driven by growing institutional flows and risk-to-risk appetite shifts. Others warn that the macroeconomic background remains too fragile, warning that we have not seen the full extent of downside risks.

Daan’s optimistic view emphasizes that Bitcoin’s current trend structure is more mature than previous cycles. He noted that while the trend has become increasingly stable, it is also more reliable, providing investors with less extreme volatility and better long-term positioning.

Daan points to the recent strong rebound and continuation of the Fibonacci retracement level from 0.382, a confirmation of this maturity. Historically, keeping this critical Fibonacci region strongly potential demand and market elasticity in uptrend signals.

Technical details: Key metrics hover around $89K

Bitcoin traded at $94,700 after briefly pushing $95,800 earlier today. The Bulls continue to show strength, but the real test is still psychologically $100,000. Those who break and maintain above $100,000 will confirm a major rally to the new all-time high (ATH) and may have triggered another wave of bullish momentum across the market.

But several analysts warn that healthy traceability can still be conducted from current levels until Bitcoin can seriously push the six-digit numbers. After a strong multi-week rally, some profits and cooling are natural, helping to reset the funding rate and emotions before the next thigh is higher.

The key level for unfavorable viewing is $89,000. Currently, the 200-day moving average (MA) is a key trend indicator located near the area. As long as Bitcoin is over 200 days of MA and the broader uptrend remains intact, investors may view any callback as a buying opportunity.

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