📉 Bitcoin Holds Support - but the Bottom May Not Be In Yet $BTC is defending a key zone around $63,400–$63,600, where the 50-day moving average and Fibonacci support meet. Buyers reacted after the price briefly dipped below both levels. 🔼 Bullish scenario: a daily close above $63,600 keeps the support intact and opens the door for another attempt to break the descending channel. 🔽 Risk scenario: a close below $63,400 could send Bitcoin toward the channel’s lower boundary. Historical models from CryptoQuant and Glassnode suggest the current correction may still be too short and too shallow compared with previous cycles. Still, those models are context—not a guarantee. My take: this support matters, but one bounce is not enough to confirm a reversal. For now, $BTC is defending the floor, not proving a new uptrend. Not financial advice. Always DYOR. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#