BTC monthly chartBitcoin / U.S. dollarBITSTAMP:BTCUSDAziz805This monthly BTC/USD chart shows Bitcoin’s large-cycle price corrections and recovery zones across multiple years. Two major historical drawdowns are highlighted: A ~78% drop over 485 days in a past cycle. A ~70% drop over 912 days in the current or more recent cycle. The Fibonacci retracement levels mark key structural zones: 38.2% (~$83,464) as upper resistance, 50% (~$70,522) as mid-range equilibrium, 60% (~$59,555) as deeper support. Bitcoin currently trades near the 50–60% retracement region, implying a critical macro support zone that has previously preceded reversals in earlier cycles. The chart suggests that BTC is testing long-term structural support after a major downtrend and may consolidate before any decisive trend continuation or reversal. Recent market data supports this interpretation: March 2026 closed slightly positive at +1.84%, breaking a five-month red streak, but momentum remains fragile as BTC struggles below $70K