Bitcoin has staged a massive comeback, surging from the July lows of $58,356 to a current price of $85,639. The daily chart shows a clear shift in momentum, but the bulls are now facing a major test.

📊 The Battlefield: $91,629 is the Key

Looking at the Fibonacci levels, BTC has recovered nearly all of its recent losses but is now entering a dense resistance zone (the red box). The immediate hurdle is the 50% Fibonacci retracement level at $91,629.

🐂 The Bullish Case: If buyers manage to push through the $91,600 barrier, the floodgates could open. The next major targets would be the 61.80% level at $99,481, followed by the 78.60% level at $110,661.

🐻 The Bearish Case: The recent surge has been aggressive, and a rejection at this resistance is highly likely. If BTC fails to reclaim $91,600, we could see a healthy pullback. The immediate support to watch is the recent breakout point near $80,000. If that fails, the 0% level at $58,356 remains the ultimate floor.

🎯 Verdict: The trend is shifting bullish, but this is not the time for blind FOMO. Wait for a clean daily close above $91,600 to confirm the next leg up, or look for a retest of $80,000 as a safer entry point.

Are you buying the dip or waiting for a breakout? Let me know in the comments! 👇

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⚠️ Disclaimer: Not financial advice. DYOR and manage risk properly.