Jerome Powell

Chair

Bitcoin

April

mirror

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.&nbsp;&nbsp;
“I think this is a key area for the bulls to defend,” he <a href="https://x.com/DaanCrypto/status/1997773611416039467" rel="noopener noreferrer nofollow" target="_blank">said</a>, observing that a break below it could result in a Bitcoin (<a href="/bitcoin-price" rel="noopener noreferrer">BTC</a>) fall to April lows around $76,000.&nbsp;
<blockquote>
 “It’s also pretty much the last major support before testing the April lows again, which would break this high time frame market structure.”
</blockquote>
Late on Sunday, Bitcoin was hit with another short leverage flush, with <a href="https://cointelegraph.com/news/analyst-warns-more-leverage-liquidations-could-push-btc-below-80k" rel="noopener noreferrer nofollow">leveraged positions</a> being liquidated on both sides. The asset fell below $88,000 briefly before quickly bouncing back above $91,500.&nbsp;&nbsp;
“This is another example of manipulation on the low-liquidity weekend to wipe out both leveraged longs and shorts,” <a href="https://x.com/BullTheoryio/status/1997724985717297542" rel="noopener noreferrer nofollow" target="_blank">commented</a> “Bull Theory.”
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2025-12/019afc74-ca69-761c-ae27-67a8eb8ed4bd" title="" alt="Bitcoin bulls must defend key level to avoid $76K, analysts say">
 <figcaption style="text-align: center;">
 BTC is trading at a key support/resistance zone. Source: <a href="https://x.com/DaanCrypto/status/1997773611416039467" rel="noopener noreferrer nofollow" target="https://x.com/DaanCrypto/status/1997773611416039467">Daan Crypto Trades</a>
 </figcaption>
</figure>
<h2 id="all-eyes-are-on-the-fed-meeting-this-week">All eyes are on the Fed meeting this week</h2>
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 <a href="https://cointelegraph.com/news/bitcoin-dips-below-88k-analysis-blames-fomc" rel="noopener noreferrer nofollow">widely expected</a>.&nbsp;
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 <a href="https://update.10xresearch.com/p/10x-weekly-crypto-kickoff-are-bitcoin-options-desks-pricing-in-a-shock-event" rel="noopener noreferrer nofollow" target="_blank">note</a> shared with Cointelegraph.&nbsp;
Related: <a href="https://cointelegraph.com/news/bitcoin-buries-the-tulip-myth-after-17-years-of-proven-resilience-balchunas" rel="noopener noreferrer nofollow">Bitcoin buries the tulip myth after 17 years of proven resilience says ETF expert</a>
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.”
<blockquote>
 “With volumes already depressed and ETF flows negative, upside participation remains thin while the $70,000–$100,000 BTC range holds and implied volatility continues to compress, leaving downside risk more pronounced than upside.”&nbsp;
</blockquote>
<h2 id="fed-outlook-statement-will-be-key">Fed outlook statement will be key</h2>
Apollo Capital’s Henrik Andersson echoed that sentiment, telling Cointelegraph that a Fed rate cut this week was already priced in, but the key for <a href="https://cointelegraph.com/news/bitcoin-liveliness-metric-signals-bull-run-continuation-analysts" rel="noopener noreferrer nofollow">market direction</a> will be the outlook statement. He remained cautiously optimistic for next year.&nbsp;
<blockquote>
 “However, with the Fed chairman being replaced in May next year, we will likely get more interest rate cuts in 2026, which should be supportive for risk assets, including crypto.”
</blockquote>
Nick Ruck, the director of LVRG Research, agreed, telling Cointelegraph that in addition to the Fed meeting, upcoming jobs and inflation data releases “could unlock renewed liquidity inflows and propel a broader market rebound if they align with expectations for continued monetary easing.”
Magazine: <a href="https://cointelegraph.com/magazine/xrp-price-rally-kalshi-solana-tether-coinshares-hodlers-digest/" rel="noopener noreferrer nofollow">XRP’s ‘now or never’ moment, Kalshi taps Solana: Hodler’s Digest</a>

Bitcoin bulls must defend key level to avoid $76K, analysts say

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