BTC Faces Critical Test as Bearish Divergence Sparks Short-Term Correction Risk

Bitcoin faces a critical test at $76,000 after bearish divergence raised the risk of a short-term correction across the crypto market. However, its monthly structure still supports major upside scenarios if BTC resumes its recovery and avoids a deeper Fibonacci retracement.

The long-term chart presents a broader view than the near-term bearish setup, with two scenarios that remain compatible with another price extension. $BTC is shown near $77,979, while the chart maps both potential upside Fibonacci levels and a deeper corrective zone below.

According to More Crypto Online, if Bitcoin extends its recovery, it would favor the orange and blue scenarios marked on the chart. The first major upside reference sits near the 61.8% Fibonacci extension at roughly $162,346. Above that, additional levels are identified around $230,544 at 78.6%, $360,388 at 100%, and $589,837 at 123.6%.

However, a sustained move higher would strengthen the orange and blue long-term counts, while renewed weakness toward the lower retracement zone would shift attention back to the corrective structure.