Bitcoin Reclaims Key Support at 0.618 Fibonacci Level

Bitcoin has reclaimed an important technical level in its price chart, finding support at the 0.618 Fibonacci retracement level.

This level is considered key for maintaining a bullish market structure after a recent correction.

The cryptocurrency's price ticked higher following this recovery, with stable derivatives positioning and solid intraday trading activities contributing to renewed upward momentum.

The reclaimed Fibonacci level sits near $65,100 on the chart, which technical traders frequently monitor during corrections.

According to market analyst CW, buyers entered before price approached a projected $62,300 target, preserving the broader bullish market structure and preventing a deeper decline.