The post Bitcoin Near Crucial Turning Point as Price Tests Key Fibonacci Level at $98,000 appeared on BitcoinEthereumNews.com.

Bitcoin is reaching a decisive stage in its current market structure, with the price action being drawn to the point of reclaiming a major Fibonacci retracement level that could decide if this recent push will turn into a long-lasting reversal or simply fade into a deeper correction. #Bitcoin Continuation or reversal? For this bounce to be reliable enough to consider it a reversal, price needs to do two things: 1. Reclaim the 38.2% Fibonacci retracement of the recent move down from the ATH. 2. Clear the Reload Zone. ➡️ Levels shown on the chart. pic.twitter.com/45KsCX3oJq — Titan of Crypto (@Washigorira) November 29, 2025 Bitcoin is trading at $90,600, right at the bottom of the key 38.2%, a Fibonacci retracement level of $98,100. Market analysts stress that the reattainment of this threshold is still key in terms of confirming a change in trend movement following weeks of volatility. The discussion around direction has been acute, with traders in tune as to whether Bitcoin can refind technical strength and move back to the higher probability reload zone. Key Fibonacci Levels Define the Next Big Move For the current bounce to establish a reversal, however, Bitcoin has two important steps to achieve. The first is to break back above the retracement of 38.2% Fibonacci at $98,100 and thus be the first signal of renewed trend structure. If price is able to close over that level, the next goal is the 61.8% Fibonacci retracement level at $108,900, which is the start of the reload zone. The upper end of this zone is 78.6% at $116,527, which is a historically high continuation reaction area. Failure to reclaim $98,000 does significant damage to the probability of the bounce being corrective, leaving the price open to a retest of lower levels. Existing Bitcoin Market Structure and Support…

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Filed under: News - @ November 30, 2025 4:00 am