⚠️ $BTC Broke Market Structure After $126K Rejection
Bitcoin rejected from the $126K cycle high and has since broken key structural support. Price is now trading around $71K.
Until bulls reclaim the major supply zone above, the broader structure remains cautious.
Critical levels:
• $90K–$95K: Bearish order block (must reclaim for trend reversal)
• $56,611: 0.382 Fibonacci accumulation zone
• $44,193: 0.5 Fibonacci accumulation zone
• $34,499: 0.618 deep-cycle accumulation
Historically, these Fib retracement zones often mark major cycle bottoms, where long-term investors begin positioning.
If accumulation forms and macro liquidity improves, long-term expansion targets still point higher.
Cycle projections:
• $150K
• $250K
• $350K potential by 2029
📊 Current bias: Bearish structure until $90K–$95K is reclaimed on a weekly close.