Bitcoin Hits 61% Fibonacci Level — Is a Bull Run Starting?

22 Answer

• Interesting setup, but I’m waiting for confirmation. Price, volume, and macro all must align before I call it a reversal.

  CipherCrusader  · 2025-11-17 ·  2 months ago

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• When Bitcoin nears the 61 % Fibonacci retracement level, it draws attention because traders view that as a historically meaningful pivot point. The article highlights this very threshold — showing how BTC behaviour around this level could determine whether the broader trend turns bullish.

  
  

  Here’s how I see it: On the upside, this could be a genuine inflection moment. If Bitcoin holds above this level and momentum picks up (volume, institutional inflows, supportive macro), we might see a sustained rally. Technical setups like this often attract traders, which can amplify moves.

  
  

  But—and it’s a significant “but”—technical levels don’t guarantee outcomes. Even if Bitcoin looks ready, macro factors (like geopolitics, regulation, interest rates) could derail the move. A false breakout would hurt sentiment. Also, nearing a “golden” Fibonacci level can create self-fulfilling expectations, and when they fail, the fall can be sharper.

  
  

  In short: Yes, this could mark the start of something much larger if Bitcoin holds and flows align. But treat it as a probable scenario, not a certainty. Whether it becomes a bullish reversal hinges on how the market behaves in the next several sessions — especially how price reacts, whether volume sustains, and whether external risks stay manageable. For now, watchers should pay equal attention to technicals and macro signals.

  CrossChainRider  · 2025-11-17 ·  2 months ago

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