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Bitcoin traded near $95,000 after failing to break resistance around $125,000, as a long-term chart shared by analyst Crypto Patel. Outlining the risks of a deeper correction, the TradingView survey uses a three-week BTC/USD timeframe from Bitstamp and maps Bitcoin cycles from 2017 through early 2026.
Price action now sits between historic resistance above and a long-term demand zone below, placing the market at a critical point.
The chart plots a rising trendline connecting Bitcoin’s major cycle peaks across several years. In 2017, Bitcoin topped near $19,666 before falling to about $3,122. That move represented an 84% decline, or roughly $16,544, before the next expansion phase began.
During the 2020 to 2021 cycle, Bitcoin surged again and peaked near $69,000. Prices later dropped to a cycle low around $15,479. That decline measured about 77.5% or $53,521, from the high.
The chart marks this low with a bullish order block and a fair value gap, which later acted as demand and supported the following rally. These repeated cycle patterns form the basis of the current downside scenario.
The most recent cycle shows Bitcoin climbing from a labeled cycle low near $50,000 to a projected all-time high around $126,272. This peak aligns closely with the same ascending trendline that capped earlier cycle highs. Prices failed to hold above that level.
Several red candles appear after the rejection, signaling selling pressure near resistance. Below the current price, the chart marks a wide bullish order block between the mid-$60,000 range and the $50,000 area, which represents the next major support.
A projected downside move of about $75,797, equal to a 60% drop from the recent high, points directly into that demand area. The chart visually stresses this risk with a tall red projection box on the right side.
Crypto Patel warned alongside the image that Bitcoin could revisit levels below $50,000 if it cannot reclaim $125,000. He described the structure as serious and asked whether a sharp pullback could follow.
Bitcoin later slipped from a two-month high near $97,000 to almost $95,000. Trading volume fell 13% over the past 24 hours. Ether traded flat near $3,300, while XRP and dogecoin dropped 2.66% and 4.23%.
Read More: Bitcoin price near $95,000, Solana falls to $142, DOGE slides to $0.13
The pullback followed news that the Senate Banking Committee delayed markup on a market structure bill. Shares of Strategy and Coinbase closed down 4.7% and 6.5%. More than $320 million in liquidations hit crypto markets, with longs accounting for about 81%, according to Coinglass.
Bitcoin open interest declined 2.31%, though over half of Binance traders are long. Some analysts described the move as a pause. B2BINPAY said Bitcoin is slowly exiting a consolidation phase that began in mid-November 2025, with leverage still far from extreme levels.
The advance of Bitcoin towards $98,000 did not only bring it closer to the 61.8% Fibonacci retracement line of the fall from $126,000 to $80,000, which is a common point for stopping the rise. Simultaneously, the Crypto Fear and Greed Index went down to the neutral point after a short time spent in the greed zone at the beginning of the week.
Bitcoin remains trapped between strong resistance near $125K and a long-term support zone close to $50K. The chart shows repeated cycle rejections at trendline highs, while recent liquidations and softer sentiment add pressure. Traders are now watching closely whether the price stabilizes near current levels or revisits deeper demand zones.
