Bitcoin price rally stalls at $97,600 as fibonacci level triggers rejection risk

cryptonews01-16

Bitcoin price is stalling near $97,600 as price hits 0.618 Fibonacci resistance, raising rejection risk and increasing the probability of a corrective rotation back toward channel support. Summary ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin price rally stalls at $97,600 as fibonacci level triggers rejection risk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-16 01:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/bitcoin-price-rally-stalls-at-97600-as-fibonacci-level-triggers-rejection-risk/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin price is stalling near $97,600 as price hits 0.618 Fibonacci resistance, raising rejection risk and increasing the probability of a corrective rotation back toward channel support.\n\n\nSummary\n\n...</p>\n\n<a href=\"https://crypto.news/bitcoin-price-rally-stalls-at-97600-as-fibonacci-level-triggers-rejection-risk/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://crypto.news/bitcoin-price-rally-stalls-at-97600-as-fibonacci-level-triggers-rejection-risk/","article_id":"2603876019","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/bitcoin-price-rally-stalls-at-97600-as-fibonacci-level-triggers-rejection-risk/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2603876019","pubTimestamp":1768498829,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Bitcoin price is stalling near $97,600 as price hits 0.618 Fibonacci resistance, raising rejection risk and increasing the probability of a corrective rotation back toward channel support.Weak volume increases downside odds towardchannel low + value area low. Bitcoin’s  latest rally has been highly technical, with price advancing into a major high-time-frame resistance region near$97,600. This level is significant because it lies at the intersection of several key confluence zones, including the 0.618 Fibonacci retracement, the upper boundary of a broader trading channel, and a VWAP level anchored to higher price levels.Bitcoin is stalling near$97,600, aligned with the0.618 Fibonacci resistance. First, the0.618 Fibonacci retracementis widely respected across markets as a key decision level. It frequently acts as a pivot where price either breaks through and continues trending or rejects and rotates lower to rebalance value. When Bitcoin stalls at a 0.618 Fibonacci level, it often signa","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","BK1611":"加密货币现货ETF","BK4601":"加密货币现货ETF","BTC":"Grayscale Bitcoin Mini Trust"},"translate_title":"由于斐波那契水平引发拒绝风险，比特币价格涨势停滞在97,600美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"BTC":1.99},"content_text":"Bitcoin price is stalling near $97,600 as price hits 0.618 Fibonacci resistance, raising rejection risk and increasing the probability of a corrective rotation back toward channel support.\n\n\nSummary\n\n\n\nBTC stalled at $97,600 0.618 Fibonacci resistance\nConfluence includes channel high + higher-time-frame VWAP\nWeak volume increases downside odds toward channel low + value area low\n\n\n\nBitcoin’s (BTC) latest rally has been highly technical, with price advancing into a major high-time-frame resistance region near $97,600. This level is significant because it lies at the intersection of several key confluence zones, including the 0.618 Fibonacci retracement, the upper boundary of a broader trading channel, and a VWAP level anchored to higher price levels.\nBitcoin price key technical points\n\nBitcoin is stalling near $97,600, aligned with the 0.618 Fibonacci resistance\nConfluence includes channel high resistance and a higher-time-frame VWAP level\nWeak follow-through volume increases the risk of rotation toward channel low support\n\nBTCUSDT (6H) Chart, Source: TradingView\nThe $97,600 region is not random resistance. It represents a stacked zone of technical confluence, which often attracts selling interest and creates a high-probability inflection point.\nFirst, the 0.618 Fibonacci retracement is widely respected across markets as a key decision level. It frequently acts as a pivot where price either breaks through and continues trending or rejects and rotates lower to rebalance value. When Bitcoin stalls at a 0.618 Fibonacci level, it often signals that buyers are losing momentum and the market is struggling to sustain acceptance above resistance.\nSecond, this Fibonacci level lines up with the upper boundary of Bitcoin’s broader trading channel. Channel highs are commonly defended by sellers because they represent premium pricing within a range structure. When price reaches the channel high, it often triggers profit-taking and short positions, particularly when volume confirmation is lacking.\nFinally, VWAP confluence introduces an additional layer of resistance. When VWAP is derived from higher-time-frame reference points and aligns with Fibonacci and structural resistance levels, it further strengthens the zone. VWAP often acts as a benchmark for “fair value,” and when price trades into it at resistance, markets frequently rotate away unless demand remains dominant.\n\n\n\n\n\n                You might also like:\n            \n\n                Ethereum price runs into $3,400 wall, breakout or pullback next?            \n\nShallow volume signals weak conviction\nOne of the most telling elements in Bitcoin’s current move is how volume has behaved during the rally. While price advanced into resistance, the volume profile shows that the rise has been relatively shallow rather than impulsive. In strong continuation rallies, volume often expands aggressively as buyers push through resistance with conviction.\nIn this case, the lack of strong volume suggests that the rally may be more corrective than trend-driven. This is an important distinction. Corrective rallies often stall at major confluence zones and reverse, as they represent short-covering or temporary relief rather than sustainable demand accumulation.\nThis is also reflected in volume nodes, which appear thin compared to what would typically accompany a breakout attempt. Without clear participation entering at higher levels, Bitcoin becomes vulnerable to rejection and liquidation-driven downside continuation.\n\n\n\n\n\n                You might also like:\n            \n\n                South Korea crypto bulls face make-or-break test at 5% cap            \n\nTrading channel context keeps range rotation in play\nBitcoin’s broader structure remains defined by a high-time-frame trading channel. As long as price remains contained within this channel, rotational behavior is expected. That means rallies into channel highs often rotate back toward channel lows, and support tests frequently lead to rebounds unless the market breaks down decisively.\nWith Bitcoin stalling at channel resistance, the market is now at a potential pivot where sellers could regain control and push the price back toward lower areas of value. If the rejection confirms, a rotation back toward the channel low becomes the higher-probability outcome.\nThis does not necessarily signal a full macro bearish reversal. Instead, it suggests that Bitcoin may continue trading in range rotations until the market produces a decisive breakout backed by strong volume and acceptance.\nWhat to expect in the coming price action\nBitcoin is currently at a technically important inflection point. The rally is stalling at a high-confluence resistance zone near $97,600, and the lack of impulsive volume increases the risk of rejection. As long as price remains capped below this resistance and fails to reclaim it on a closing basis, the probability favors a deeper corrective rotation back toward channel support and the value area low.\n\n\n\n\n\n                Read more:\n            \n\n                Wyoming stablecoin faces make-or-break test as it debuts on Solana","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2603876019","isCrawlerRequest":true}