Bitcoin is sitting near a key support test as analysts split between deeper accumulation zones and a possible bearish flag breakdown. A hold above $72,000 could keep BTC inside the range, while a clean break lower could bring the $60,000, $45,000, and $35,000 zones back into focus.
Bitcoin Chart Marks $60K, $45K and $35K Accumulation Zones Before Long Term Targets
Bitcoin is trading near a key pullback area as analyst Crypto Patel says he is watching three accumulation zones before any larger move toward long term targets.
The weekly chart shared on X marks $60,000, $45,000, and $35,000 as the main buy zones. The analyst said the first zone near $60,000 has already filled, while the second zone near $45,000 remains his next area to watch.
Bitcoin Accumulation Chart. Source: Crypto Patel on X
The chart shows BTC pulling back after losing momentum near the previous all time high resistance area around $128,927. It also marks a bearish order block above price, near the $84,000 to $100,000 region.
Crypto Patel said market sentiment has turned fearful around the $74,000 area. However, his chart focuses on lower accumulation zones rather than the current reaction.
The first marked zone sits near the 0.382 Fibonacci support at $57,362, close to the broader $60,000 area. The chart labels this zone as already filled.
The second accumulation zone sits near the 0.5 Fibonacci level at $44,667. That area also lines up with a green support and resistance band on the chart.
The third zone sits near the 0.618 Fibonacci level at $34,781. Crypto Patel called this his “dream entry,” marking it as the deepest accumulation area on the chart.
The analyst also listed long term BTC targets at $200,000, $300,000, and $500,000. He stressed that these are long term targets, not short term levels.
For now, the chart shows Bitcoin between a filled support zone and higher resistance. A move back above the bearish order block would strengthen the bullish case, while a deeper pullback would bring the $45,000 and $35,000 zones into focus.
Bitcoin Price Risks Breakdown as Bearish Flag Tests $72K Support
Bitcoin is testing the lower part of a bearish flag pattern, according to a chart shared by Captain Faibik on X.
The analyst said BTC could face a downside breakdown if bulls fail to defend the $72,000 support level. He warned that a break below that area could open the door for a possible 20% to 25% bearish wave.
Bitcoin Bearish Flag Chart. Source: Captain Faibik on X
The daily chart shows Bitcoin moving inside a rising channel after a sharp selloff earlier in the year. That structure is marked as a bearish flag, which often appears before another downside move if support fails.
BTC has already moved away from the upper side of the channel and is now trading closer to the lower trendline. This puts the $72,000 area in focus as the next major support level.
Captain Faibik said the bearish flag now looks ready for a downside breakdown. Under that view, sellers would gain control if Bitcoin closes below the lower channel support.
The chart also shows price weakening after failing to hold the midrange of the pattern. That adds pressure because buyers have not pushed BTC back toward the upper trendline.
If bulls defend $72,000, Bitcoin could remain inside the rising channel and delay the breakdown setup. However, a clean move below that level would confirm weakness and support the analyst’s downside view.
For now, the chart shows Bitcoin at a key support test. The next move depends on whether buyers hold the lower flag boundary or sellers force a break below $72,000.
Source: https://coinpaper.com/17322/bitcoin-price-prediction-btc-risks-25-drop-if-72-k-support-collapses
