Has Bitcoin Begun Its Final D-Leg Correction?

Bitcoin could be starting the final stage of a larger corrective pattern — known as the D-leg — which often follows major trends in the market. This kind of structure typically forms after a big move up, and signals that the market might need a deeper reset before continuing higher.

Recently, Bitcoin was rejected from a key resistance zone around $98,300, which aligns with several technical indicators including a major daily support/resistance flip, the 0.618 Fibonacci retracement, and the Point of Control (a price level with the most traded volume). This rejection has sparked concerns that a local top may already be in for this cycle.

Why This Matters:
If Bitcoin fails to hold its current support levels, we could see a continuation to the downside, with targets potentially reaching sub-$60K levels. This aligns with a broader corrective pattern some analysts call an ABCD structure — where the D-leg often marks the final leg down before the next larger trend can begin.

This scenario becomes more likely if the current support zone breaks down, which would confirm a shift in market structure. Until then, there’s still room for price to range or attempt another retest of the highs, but caution is warranted.

What’s Next:
Watch for a breakdown below the recent lows — this would strongly suggest the D-leg is underway.

A confirmed breakdown would likely lead to a longer correction over the coming weeks or months.

However, if Bitcoin reclaims resistance above $98,300, this bearish outlook could be invalidated and the structure may reset.

Right now, we’re at a major decision point in the market. While the signs are stacking in favor of a deeper pullback, it’s important to wait for price to confirm with structure and volume before acting on it.