Bitcoin has pulled back exactly 5% from its recent highs to retest a key technical level, landing at the 50% Fibonacci retracement zone around $100,699, according to a chart shared by analyst.
The price correction comes after BTC rallied nearly 10% in just over 36 hours, topping out at $106,423 before reversing course.
This move highlights the ongoing technical significance of Fibonacci levels among traders, as Bitcoin pauses at a potential support zone after its surge.
The current pullback aligns with typical market behavior following rapid climbs, and could be seen as a healthy correction. Traders will now be closely watching whether Bitcoin holds this $100,699 level—or if further downside tests lie ahead.
This retest also comes amid broader volatility in the crypto market and heightened sensitivity to macroeconomic and regulatory developments.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-dips-5-to-key-technical-support-at-100700/