coin-img-ETHETH+1.65%coin-img-BTCBTC+0.13%coin-img-SOLSOL+0.66%coin-img-OKBOKB-2.75%coin-img-ROBOROBO+6.47%coin-img-OPNOPN-6.59%coin-img-TAATAA-35.32%coin-img-XRPXRP-1.17%coin-img-ETHETH+1.65%coin-img-BTCBTC+0.13%coin-img-SOLSOL+0.66%coin-img-OKBOKB-2.75%coin-img-ROBOROBO+6.47%coin-img-OPNOPN-6.59%coin-img-TAATAA-35.32%coin-img-XRPXRP-1.17%coin-img-ETHETH+1.65%coin-img-BTCBTC+0.13%coin-img-SOLSOL+0.66%coin-img-OKBOKB-2.75%coin-img-ROBOROBO+6.47%coin-img-OPNOPN-6.59%coin-img-TAATAA-35.32%coin-img-XRPXRP-1.17%coin-img-ETHETH+1.65%coin-img-BTCBTC+0.13%coin-img-SOLSOL+0.66%coin-img-OKBOKB-2.75%coin-img-ROBOROBO+6.47%coin-img-OPNOPN-6.59%coin-img-TAATAA-35.32%coin-img-XRPXRP-1.17%
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Opeyemi Sule

Bitcoin Analyst Flags $63,700 As Key Support With Downside Targets To $48,700

On Saturday, March 7, Alphractal founder and CEO Joao Wedson highlighted $63,700 as a vital on-chain support level for Bitcoin, using a Fibonacci-adjusted Market Mean Price model. He warned that a drop below this zone could open a path to $57,000, $52,400, or even $48,700, implying nearly a 30% slide from the current price. Bitcoin is trading around $67,330, roughly 50% under its all-time high of about $126,080.
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