BTC Technical Outlook: Bitcoin Compresses Above $68,000 After Impulsive Breakdown
Bitcoin remains within a broader corrective structure after rejecting from the 0.786 Fib ($111,968) and failing to sustain price above the macro mid-range levels.
The breakdown below $85,246 (0.382 Fib) and subsequently $75,589 (0.236 Fib) triggered an impulsive selloff toward the macro retracement base near $59,980 (Fib 0).
A strong reaction followed from the $60K region, and BTC is now consolidating between $68,000–$72,500, forming a tight compression range after the sharp decline.
While short-term stabilizatio