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$BTC just confirmed a structural breakdown - but some analysts still see a path to $350K by 2029.

According to analyst CryptoPatel, Bitcoin’s rejection from the $126K cycle high and the break of a long-term diagonal support line has shifted the market into a new phase: accumulation before the next expansion cycle.

On the weekly chart, $BTC currently trades near $71K, well below a key resistance zone between $90K–$95K, which is identified as a bearish order block where heavy institutional selling previously occurred.

Before any major upside continuation, analysts argue that Bitcoin would first need to reclaim that zone on a weekly close.

Below current price, three Fibonacci-based accumulation areas are highlighted:

• $56,611 (0.382 retracement)

• $44,193 (0.5 retracement)

• $34,499 (0.618 retracement)

Historically, similar retracement zones have marked important long-term bottoms during previous cycles.

If accumulation forms in those areas and macro conditions eventually improve, the long-term roadmap suggests potential expansion targets at:

• $150K

• $250K

• $350K by 2028–2029

For now, however, the structure remains neutral-to-bearish until $BTC can reclaim the $90K–$95K range, which would confirm a stronger trend reversal.

#BTC Price Analysis# #BTC #Bitcoin Price Prediction: What is Bitcoins next move?#