Bitcoin slipped below $74,000 this week, now trading above $73,000. Analyst Crypto Patel has outlined three potential accumulation zones, using Fibonacci retracement levels to identify where buyers might step in next.
Three Fibonacci-based zones
Patel's zones correspond to the 0.382, 0.5, and 0.618 retracement levels. The first zone at $60,000 has already been filled. The second sits at $45,000 and the third at $35,000. Each level marks a potential area where Bitcoin could find support and begin a new leg up.
Inverse head and shoulders pattern
The bullish forecast is built on an Inverse Head & Shoulders formation on the weekly chart that spanned from 2022 to early 2024, breaking out in early 2024. Bitcoin went on to hit an all-time high above $126,000 in October 2025. Since then, it has faced heavy resistance between $84,000 and $100,000, leading to the current pullback.
Long-term targets
Patel has set three price targets: $200,000, $300,000, and $500,000. The $500,000 target would mean a gain of over 580% from current prices. He expects the $300,000 level could be reached by late 2027 if conditions remain favorable.
