Analysts: Bitcoin bulls must hold the key Fibonacci support level to prevent the price from falling to $76,000.

Crypto analyst Daan Crypto Trades points out that Bitcoin is currently hovering near a key technical price level, which is a key support and resistance level in the market cycle, as it represents the 0.382 Fibonacci retracement range. This level must hold to avoid significant losses; if it breaks down, the price of Bitcoin may fall to the April low of around $76,000.