Bitcoin Technical Outlook: Structural Collapse and Entering Deep Correction Phase

Bitcoin has been rejected at the $108K–$112K macro supply zone(0.786 Fib) and has shifted into a broader correction structure after the cycle top. The price continues to follow a descending correction channel, forming lower highs and weak rebound attempts.
Recent price action shows Bitcoin losing the $75.6K (0.236 Fib) level, sweeping down to the $70K–$60K macro demand zone(, with buyers currently attempting to absorb selling pressure. However, the higher timeframe structure remains bearish.
EMA Structure )Bearish bias, trend has not reversed(
20 EMA: $77,312
50 EMA: $84,069
100 EMA: $89,933
200 EMA: $95,466
Bitcoin is currently trading below all major EMAs, confirming a medium- and long-term bearish bias.
The $90K–$95.5K region )100 & 200 EMA( now acts as a strong dynamic resistance.
As long as Bitcoin remains below this zone, any rebounds are considered corrective rather than impulsive.
Fibonacci and Price Structure )New Fib basis at $60K(
1 Fib: $126,123
0.786 Fib: $111,968
0.618 Fib: $100,856
0.5 Fib: $93,051
0.382 Fib: $85,247
0.236 Fib: $75,589
Fib 0: $59,980
Bitcoin has lost the 0.236 Fib )$75.6K$60K and is currently trading in a deep retracement zone, with structural gravity pulling the price toward the Fib 0 base.
Sustained recovery above $75.6K–$85.2K would help shift the structure toward neutrality.
Structural Background
Price remains within a declining correction structure, not yet confirming a base.
Short-term demand is visible around $70K–$60K, but Bitcoin must establish a range to develop any bullish structure.
A daily close above $75.6K would be the first signal of structural improvement.
RSI Momentum
RSI (14): 30
RSI approaching oversold territory, indicating bearish momentum dominance. Rebound may occur, but momentum is insufficient to support a trend reversal.
Key Levels
Resistance
• $75,600 (0.236 Fib / Breakdown level)
• $85,200 (0.382 Fib)
• $93,050 (0.5 Fib)
• $100,850 (0.618 Fib)
Support
• $70,000–$60,000 (Macro demand)
• $59,980 (Fib 0 / Cycle base)
Summary
Bitcoin has completed a sequence from cycle high distribution → collapse → decline. The price is currently in a deep correction phase with heavy resistance overhead. Until Bitcoin can reclaim and hold above $75.6K–$85.2K, the structure remains bearish and corrective rather than bullish—$60K considered a key long-term structural foundation.