🚨 BITCOIN ALERT: Critical Support Levels as BTC Trades Near $86,000

Bitcoin is testing key technical levels after recent volatility, with market sentiment at 24 (Fear) on the CoinMarketCap Fear & Greed Index - a sharp decline from November's peak of 94.

Market Snapshot:

• 24-hour trading volume: $37.14B
• Fear & Greed: 24/100 (Fear) - CoinMarketCap
• Price: $86,000 +/-

Immediate Support Zones:

1. $85,995 - The first line of defense. This 23.6% Fibonacci level (identified December 7th) is now in play as Bitcoin hovers near $86,000.
2. $83,778 - Secondary Fibonacci support. A break below $86K could see rapid testing of this level as selling pressure builds.
3. $78,000–$79,000 - The deep support zone. This psychological floor has held multiple times and represents a critical battleground for bulls.

Longer-Term Levels:

• $76,763 - Weekly forecast low suggests this could be the ultimate retest target
• $87,173 - 50% Fibonacci resistance now acting as immediate overhead if price recovers

Bottom Line: Fear readings below 25 historically signal potential reversal zones, but current price action below $86,000 puts Bitcoin at a critical juncture. The $85,995 level must hold to prevent cascading toward the $78K zone. Next 48 hours are critical.

All levels derived from Fibonacci retracements and our proprietary weekly forecasts.