Where Is the Critical Level Bitcoin Needs to Overcome for Recovery? Here is the Expert Opinion

Crypto analysis firm MakroVision provided an update on the recent price movements of Bitcoin, revealing the ongoing weaknesses in the market and the key levels to watch. Despite holding above an important Fibonacci level, Bitcoin has not yet shown a strong recovery.

According to the analysis company, Bitcoin continues to move sideways by testing important support and resistance levels after a serious selling wave. The lack of strong buying pressure raises concerns about whether a meaningful recovery is imminent or whether the downward momentum will continue.

Bitcoin, although staying above the 79,263 dollars with a 0.5 Fibonacci level, buyers have not yet taken a strong step. The fact that the price remains below the descending trend line and key resistance levels indicates that a confirmed trend reversal has not yet occurred.

MacroVision shared the important levels in front of Bitcoin: (

• $87,500 - $89,900: This range represents the first major obstacle. A move above this range could trigger a short-term bullish sentiment.
• $91,700: A strong resistance level associated with the liquidity zone. A decisive break above this mark will be an early indicator of a potential trend reversal.

If it is downward, Bitcoin needs to hold above these critical support levels to avoid further decline:

• 79,263 dollars )0.5 Fibonacci Level: This level has been defended so far, but another test could pose a greater break risk.
• $75,000: A deeper liquidity zone that could serve as support in case of increasing selling pressure.