{"id":10386,"date":"2026-03-03T19:13:07","date_gmt":"2026-03-03T19:13:07","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/bitcoin-coiling-at-key-support-major-move-brewing\/"},"modified":"2026-03-03T19:13:07","modified_gmt":"2026-03-03T19:13:07","slug":"bitcoin-coiling-at-key-support-major-move-brewing","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/bitcoin-coiling-at-key-support-major-move-brewing\/","title":{"rendered":"Bitcoin Coiling At Key Support \u2014 Major Move Brewing"},"content":{"rendered":"

Bitcoin is tightening its range at a critical support zone<\/a>, with price action compressing after weeks of sideways movement. As volatility contracts and momentum build beneath key resistance, the market appears to be preparing for a decisive breakout. With major support holding for now, the stage is set for a significant move.\u00a0<\/p>\n

Consolidation Zone Signals Strategic Accumulation<\/h2>\n

Crypto analyst Donald Dean buying activity occurring near the $69,000 mark. This persistent behavior suggests the market is building a solid floor, allowing investors to accumulate positions before the next significant move.\u00a0<\/p>\n

From a technical perspective, this $69,000 zone represents a formidable area of support and a retest of the major breakout in 2024. Dean views this phase as a healthy development for the long-term trajectory of the asset. Once the multi-year support is confirmed, Bitcoin would essentially create a launchpad that will serve as the base for a sustained move toward higher valuations.<\/p>\n

\"Bitcoin\"<\/p>\n

Looking at the weekly chart, Dean identifies specific upside targets based on volume and Fibonacci extensions. The first objective is the $90,000 volume shelf, which acts as a magnet for price. Beyond that, the Golden Ratio (1.618 extension) suggests a target of $102,000. Once these levels are cleared, the next major challenge involves a move to $122,000, which would represent a 2x increase from the previous low-to-high cycle.<\/p>\n

However, the long-term outlook remains even more ambitious if the bullish momentum persists. Furthermore, Dean notes that the subsequent Golden Ratio at the 2.618 extension places the target at approximately $155,000. While these figures represent significant milestones, the current focus remains on the successful defense of the $69,000 level to validate the structural integrity of the ongoing bull market.<\/p>\n

Weeks Of Sideways Movement, No Clear Bitcoin Breakout<\/h2>\n

In a recent update<\/a>, Crypto Candy emphasized that Bitcoin remains stuck in an extended consolidation phase, trading within the $60,000 to $70,000 range for weeks. Despite multiple attempts to break out, the price continues to rotate within this zone, signaling ongoing indecision between buyers and sellers.<\/p>\n

After briefly dipping toward the $62,000 area, BTC once again rebounded toward $70,000. However, this rebound does not alter the broader range structure. Without a decisive breakout, these moves are viewed as internal rotations rather than the start of a sustained trend.\u00a0<\/p>\n

For now, Crypto Candy maintains a bearish bias unless Bitcoin can convincingly flip the $71,000\u2013$72,000 resistance zone into support. As long as the price stays below that threshold, the expectation remains for another leg down toward $61,000 or potentially lower.<\/p>\n

\"Bitcoin\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is tightening its range at a critical support zone, with price action compressing after weeks of sideways movement. As volatility contracts and momentum build beneath key resistance, the market appears to be preparing for a decisive breakout. With major support holding for now, the stage is set for a significant move.\u00a0 Consolidation Zone Signals…<\/p>\n","protected":false},"author":1,"featured_media":10387,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119],"tags":[56,55,69,61,120,121,70,62,4170,3157,3436,3158],"class_list":["post-10386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto-candy","tag-donald-dean","tag-fibonacci-extension-levels","tag-golden-ratio"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/10386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=10386"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/10386\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/10387"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=10386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=10386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=10386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}