Bitcoin broke structure from $126K and everyone is panicking — but the Fibonacci levels tell a different story.
The rejection from the $126K cycle high snapped long-term diagonal support. $BTC sits around $71K, below the $90K-$95K zone where institutional selling hit hard.
Three Fibonacci levels at $56,611, $44,193, and $34,499 have historically marked major cycle bottoms.
The long-term roadmap projects $150K, $250K, and $350K by 2029 if accumulation forms at those zones.
The catch: none of that matters until BTC reclaims $90K-$95K on a weekly close. Structure stays bearish.
Would you start accumulating at $56K or wait for the $90K reclaim before going heavy?
Posted by Ok-Tumbleweed-2416