BTC/USD Monthly Analysis: Bitcoin Tests Key Fibonacci Support Near $100K
Overview
Bitcoin (BTC/USD) is showing a correction phase after touching its all‑time high zone. Price is now testing the 23.6% Fibonacci level near $100,000, which is acting as a strong monthly support area.
Price Action Overview
BTC peaked at around $128,000 and has now pulled back toward $100K. This area is important — holding above it can keep the long‑term trend bullish, while falling below may signal a deeper correction.
Technical Outlook
Support Levels
- $100,000 — 23.6% Fibonacci
- $86,000 — 38.2% Fibonacci
- $72,000 — 50% Fibonacci
Resistance Levels
- $115,000 — recent monthly high
- $128,000 — all‑time high
Volume & Market Sentiment
Profit‑booking is visible near the highs, but major wallets continue accumulating. On‑chain data still supports long‑term bullish sentiment.
Fundamental Factors
- Spot Bitcoin ETFs continue attracting inflows.
- Post‑halving market behavior typically shows volatility before a big rally.
- Macro environment improves if inflation cools & rates drop by 2026.
Conclusion
Bitcoin is at a key monthly level. A strong hold above $100K may push BTC back toward $115K–$128K. But a monthly close below $100K could trigger a move toward $85K–$72K.
Watch monthly candle closes for strong direction signals.
