Bitcoin Reversal Zones: Key Levels to Watch
Discover Bitcoin’s key reversal zones at $102–104K and $96–99K, with an eye on a potential $119K rally amid Israel‑Iran tension insights.
- Bitcoin near 0.618–0.786 Fib at $102–104K as primary reversal zone.
- Secondary support lies at 1–1.272 Fib ($96–99K).
- Upside target remains firm at $119K once reversal confirms.
Although the Israel‑Iran tensions caused a dip in Bitcoin’s 4-hour chart, there’s no clear sign of a major crash. On the upside, the situation merely introduced some volatility rather than a structural break. Charts are now showing Bitcoin dipping into two traditional Fibonacci reversal zones—potential areas where buyers may step in.
Two Key Reversal Zones to Monitor
Primary zone: 0.618–0.786 Fib ($102–104K)
This is often considered the sweet spot for a bullish retracement. If BTC finds support here, we could see renewed bullish momentum.
Secondary zone: 1.0–1.272 Fib ($96–99K)
If the first zone breaks, this deeper level could provide stronger support before any further drop, acting as a last line of defense for bulls.
Eyes on $119K Target
Assuming Bitcoin holds at either reversal zone, the next major upside target is $119K. This level remains unchanged and marks a critical resistance point. A rebound followed by sustained volume could pave the way to this target.
What to Watch for Next
- Price action and candlestick structure within the $102–104K zone.
- Buyer volume or bullish signals if BTC drifts toward $96–99K.
- Break above the immediate rally zone toward $119K—confirmation of trend resumption.
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