Analysts revealed the most critical support and resistance levels of Bitcoin (BTC) Price! This Level Must Be Broken for the Rally!

The cryptocurrency analysis firm MakroVision presented an updated view on the price movements of Bitcoin and explained the ongoing fluctuations and key technical levels that could shape the market's next move.

According to the analysis company, Bitcoin, despite showing a short-term rebound at the critical $79,300 Fibonacci level (0.5 Fib), continues to stay in a downward trajectory by forming lower highs and lower lows. While selling pressure continues to dominate, analysts point to a potential bottom formation if key resistance levels are reclaimed.

Here are the critical price levels ahead of BTC according to the analysis company:

• 87,500 - 89,900 dollars: A breakout above this range may indicate short-term bullish momentum.
• $91,700 - $95,900: A stronger resistance area with significant liquidity. Only a sustainable breakout above this range can confirm a possible trend reversal.
• 79,300 dollars (0.5 Fib): This level has held so far, but repeated tests are increasing the likelihood of a collapse.
• 70,900 - 72,800 dollars: If the $79,300 support fails, Bitcoin may target this low liquidity zone in line with the trend line support.

According to MakroVision, Bitcoin is struggling with the downtrend and holding the $79,300 region could lead to a relief rally. However, it needs to rise above $91,700 for confirmation of the uptrend.