STOP SCROLLING: BITCOIN TECHNICAL ALERT (3-Year Support Break)

🚨 STOP SCROLLING: BITCOIN TECHNICAL ALERT (3-Year Support Break) 🚨

Bitcoin has broken a long-term support channel that’s been respected since 2022. That multi-year channel support was around $108,000 and I warned there to protect capital and trade safe.

Result: Breakdown.
✅ BTC dumped over -25%
✅ Now trading near $83,000
Structure Still Bearish
Trend remains bearish unless BTC reclaims the broken channel.

A Relief bounce is still possible toward: $93,000 / $98,000
But treat that as corrective unless structure flips.

Major Support: $69,000 is a critical level, Last bull-run ATH and strong demand zone. Watch it closely.

If This Channel Break Plays Out Fully…
As a Technical Analyst, I can’t sugar-coat the math.
When a multi-year channel breaks, the natural downside targets usually align with major Fibonacci retracement zones:

Deep Retracement Targets (Bear Case)
0.5 Fib: $44,193 (~60% probability)
0.618 Fib: $34,500 (~30% probability)
0.718 Fib: $24,250 (~10% probability)
These aren’t fantasies. They’re standard TA outcomes after this type of structural failure.

Important: This Is Not Panic
I’m not here to spread fear.
I’m here to state what the chart is objectively signaling.

Markets don’t move on hope, They move on structure, liquidity, and trend mechanics.
If price goes into that 0.5–0.718 Fib zone, it would be painful short-term…
but also a once-in-cycle accumulation window for long-term holders.

CryptoPatel Note:
Believe me, I want BTC at $1M+ in the future.
But wanting isn’t analysis.
My job is to map both paths: bullish and bearish, Before they happen.

Save this post. Mark the levels. Trade safe.
Because when a 3-year support breaks, the market doesn’t whisper, it screams.

NFA & DYOR