Alert: $BTC Broke Structure From $126K — Three Accumulation Zones Before $350K Expansion
$BTC faced rejection around the $126K cycle high and moved below its long-term diagonal support. The price is currently trading near $71K.
Critical levels to watch:
• $90K-$95K bearish order block — reclaiming this area could signal a shift in trend
• $56,611 accumulation zone (0.382 Fib)
• $44,193 accumulation zone (0.5 Fib)
• $34,499 deeper accumulation zone (0.618 Fib)
These Fibonacci retracement areas have often aligned with major cycle bottoms in previous market phases. If the structure rebuilds over time, long-term projections still point toward $150K, $250K, and potentially $350K by 2029.
Verdict: Market structure remains bearish unless $BTC moves back above $90K. Fibonacci zones below are areas many traders monitor for potential accumulation.
#BTC #Bitcoin #CryptoTrading #Accumulation #TechnicalAnalysis
