0.119 Fib Not Tested Yet — Expect Retest Before Any Major MoveBitcoin / TetherUSBINANCE:BTCUSDTVelcryptIf we see a significant decline on the higher timeframes, there is a high probability that BTC will first retest the 0.119 Fibonacci level. This suggests that any meaningful bullish continuation on the daily or weekly charts will likely only begin after a proper retest of this key level. Similar to the 2022 cycle, if the market enters a prolonged consolidation phase, the next major low could develop around the $59K area. In that sense, the current pullback may actually be constructive, helping the market establish a stronger base for the next leg up. Should BTC successfully defend the 0.119 level and reverse, we could see a move toward the previously analyzed 0.382 Fibonacci zone. You can check my earlier analysis for more context. Will history repeat the same pattern as 2022?