Bitcoin at Key Fibonacci Support – What’s Next?

Analysis:
Bitcoin recently broke below its ascending trendline on the daily chart, signaling a potential shift in momentum. After reaching the 0% Fibonacci level near 123,500 USDT, price retraced and is now consolidating around the 32% retracement at 107,800 USDT.
This level is acting as immediate support. A clean break below could open the way toward deeper retracements:
50% retracement at 98,967 USDT
61.8% retracement at 93,159 USDT
On the other hand, if buyers defend the 32% level, Bitcoin may attempt another move upward to retest resistance zones around 123,500 USDT.
Key Levels to Watch:
Support: 107,800 / 98,900 / 93,100 USDT
Resistance: 123,500 USDT
Conclusion:
For now, Bitcoin is at a decision point. Holding above 107,800 keeps the bullish structure alive, while losing this support may confirm a deeper correction toward 99K–93K. Traders should watch volume and daily closes around these Fibonacci levels to confirm the next direction.https://www.tradingview.com/chart/WyS4mTUN/