Future

bullish

Major

Bitcoin

<ul class="wp-block-list">
 <li>Bitcoin’s $65.5K-$66K support aligns with the 0.382 Fibonacci level, signaling a potential reversal zone.</li>  
 <li>If Bitcoin drops below $65.5K, analysts predict the next support at $60K, reinforced by the 0.618 Fibonacci level.</li>  
 <li>Analysts expect volatility near $66K, but a rebound could drive Bitcoin toward an all-time high by year-end.</li> 
</ul>  
<p>Bitcoin's recent pullback from its October high of $70,292 signals a critical phase as it approaches support levels near $65,500-$66,000. Market analyst CryptoBullet suggests that this zone, marked by the 0.382 Fibonacci retracement level, could serve as a "Reversal Zone."&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/CryptoBullet1/status/1853101120412872730
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</figure>  
<p>This level has historically supported bullish rebounds, and many analysts believe <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> might regain upward momentum here. A sustained break above could push Bitcoin back toward its previous high, reinforcing confidence in a green November close.</p>  
<h3 class="wp-block-heading" id="h-downside-risks-60-000-as-next-major-support-level"><strong>Downside Risks: $60,000 as Next Major Support Level</strong></h3>  
<p>If Bitcoin fails to hold at $65,500, analysts predict a further decline toward the $60,000-$61,000 range, aligning with the 0.618 Fibonacci level. This region represents another robust support and could be the foundation for a new rally, potentially targeting an all-time high (ATH).&nbsp;</p>  
<p>While the short-term trend indicates volatility, long-term sentiment remains optimistic, with many expecting a steady rise by year-end.</p>  
<h3 class="wp-block-heading" id="h-market-implications-and-future-trends"><strong>Market Implications and Future Trends</strong></h3>  
<p>The outcome at these key levels could have broader implications for Bitcoin’s market trajectory. Holding at $65,500 would likely attract renewed investor interest, stabilizing BTC and boosting market sentiment.&nbsp;</p>  
<p>A failure to sustain this support could lead to further corrections, yet analysts anticipate a rebound within the $60,000 support zone before any substantial recovery. This chart analysis, shared by CryptoBullet, highlights the significant influence of Fibonacci levels on market behavior and sentiment, suggesting a pivotal moment for Bitcoin’s price path.</p> 
<p>The post <a href="https://cryptonewsland.com/analysts-monitor-bitcoin-at-66k-support-as-volatility-rises/" rel="noopener noreferrer nofollow">Analysts Monitor Bitcoin at $66K Support as Volatility Rises</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Analysts Monitor Bitcoin at $66K Support as Volatility Rises

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