Bitcoin Reclaims Key Fibonacci Support Amid Healthy Market Conditions

Bitcoin reclaimed its 0.618 Fibonacci retracement level, which is considered a key support area for technical traders.

The price found support at $65,100, and despite a brief dip below $65,000 in the early morning session, buyers responded quickly to restore the price towards the middle of the trading range.

This move has maintained attention on renewed upward momentum for Bitcoin, with resistance still present near $65,800.

Liquidation activity in Bitcoin perpetual futures markets remains relatively weak, indicating healthier market conditions.

The recent balance between long and short liquidations is a positive sign, as it suggests reduced excessive leverage among futures traders.