Bitcoin price rallies from Fibonacci support with increasing volume, bottom in?
Bitcoin price has rebounded strongly from key Fibonacci support near $62,000 with rising volume, signaling growing demand and raising the possibility of a local bottom formation.
Bitcoin (
$BTC ) price action has shifted momentum following an impulsive reaction from a major technical support zone. After testing the 0.786 Fibonacci retracement level, which aligns closely with daily high-timeframe support near $62,000, Bitcoin staged a strong rally that has drawn renewed attention from market participants.
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