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Bitcoin is currently hovering at a critical technical level that needs to be defended to prevent major losses, according to crypto analyst Daan Crypto Trades. He was referring to the 0.382 Fibonacci retracement zone, which serves as a key area of support and resistance during market cycles.   “I think this is a key area for the bulls to defend,” he said, observing that a break below it could result in a Bitcoin (BTC) fall to April lows around $76,000.  “It’s also pretty much the last major support before testing the April lows again, which would break this high time frame market structure.” Late on Sunday, Bitcoin was hit with another short leverage flush, with leveraged positions being liquidated on both sides. The asset fell below $88,000 briefly before quickly bouncing back above $91,500.   “This is another example of manipulation on the low-liquidity weekend to wipe out both leveraged longs and shorts,” commented “Bull Theory.” BTC is trading at a key support/resistance zone. Source: Daan Crypto Trades All eyes are on the Fed meeting this week The Federal Open Market Committee’s monetary-policy meeting on Tuesday and Wednesday will conclude with a decision on rates, with a 0.25% cut widely expected.  Crypto markets have lost momentum since the October cut, as Fed Chair Jerome Powell “signaled a non-linear, data-dependent easing path rather than a clear-cutting cycle,” 10x Research head Markus Thielen said in a note shared with Cointelegraph.  Related: Bitcoin buries the tulip myth after 17 years of proven resilience says ETF expert He added that the market now expects a 25-basis-point cut on Dec. 10, followed by a cautious tone, “which would mirror October’s hawkish execution and sustain mild pressure into year-end.” “With volumes already depressed and ETF flows negative, upside participation remains thin while the $70,000–$100,000 BTC range holds and…

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Filed under: News - @ December 8, 2025 6:25 am