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MCap $2.7T +2.8%24h Vol $73.1B +38%Fear & Greed 57/100Alts Index 27/100
BTC.D 58.8% -0.2%Stable.D 9.9% -0.2%ETH.D 11.4% -0.2%Others.D 19.9% +0.6%
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      BTC Faces Critical Support Level as Market Watch Intensifies

      Jiang Zhuoer, founder of the Liebit Mining Pool (B.TOP), has indicated that Bitcoin (BTC) is currently testing a crucial support level at $76,500. This level is significant as it represents both the lower boundary of an ascending channel and the Fibonacci 23.6% retracement from a previous price range of approximately $57,000 to $82,000. Zhuoer warns that if BTC falls below this threshold, the decline could accelerate, with the next critical point being the previous low of $75,500.

      Zhuoer outlined two potential scenarios for BTC's price movement. The first scenario suggests a rebound before reaching $75,000, which could lead to a rise back to $80,000 or even the resistance area of $83,000 to $84,000 before a major correction occurs. Conversely, if BTC breaks below $75,000, it may trigger a correction that could see prices drop to between $70,000 and $72,000, setting the stage for the next phase of a bull market.

      Additionally, Zhuoer highlighted that upcoming events, such as the voting on the 'Cryptocurrency Market Structure Act' (also known as the CLARITY Act) and announcements from the Federal Reserve, could serve as significant catalysts for market movement. In light of these developments, he has adopted a neutral trading position, holding full short positions in BTC while maintaining full spot positions in Ethereum (ETH).

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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