Bitcoin’s in the Toilet? $35K by 2026? What a Dump!

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So, apparently, Bitcoin’s in some kind of “bearish territory” now. Who knew? According to this guy, Crypto Patel-yeah, Patel, like the convenience store guy-Bitcoin’s officially in the dumps after breaking some support level at $107,000. Big whoop. Like we all had $107K lying around anyway.

Anyway, Patel’s got his fancy charts and Fibonacci retracement levels-because nothing says “I’m smart” like throwing around Fibonacci-and he’s predicting Bitcoin’s gonna hit $35,000 by 2026. Great. Just in time for my retirement. Not.

The Line in the Sand? More Like a Line in the QuickSand

So, Bitcoin broke this trendline at $107K, and now it’s all downhill. Literally. Patel’s calling it the “line in the sand,” but let’s be real-it’s more like a line in quicksand. Once you’re in, you’re stuck. And now Bitcoin’s printing lower highs. Sounds like my dating life.

The chart’s got this red circle around the breakdown zone, like it’s some kind of crime scene. “Nothing to see here, folks, just a cryptocurrency losing its mind.” Thanks, Patel. Very helpful.

Fibonacci Says $44K or $35K. Or Maybe It’s Just Bored.

Apparently, Bitcoin’s been on a downward spiral since the beginning of the year. Shocking. Next thing you know, they’ll tell us the sky is blue. Patel’s saying it’s gonna bottom out at $35K, based on some historical cycles. Because, you know, history repeats itself. Unless it doesn’t.

In 2018, Bitcoin dropped 84%. In 2022, it dropped 77%. So, naturally, we’re expecting another nosedive. Makes perfect sense. Unless it doesn’t. Patel’s got these Fibonacci levels pointing to $44K and $35K. Because Fibonacci’s never wrong. Unless it is.

If Bitcoin doesn’t hold at $44K, it’s off to $35K. Great. Just what we needed. Another rollercoaster. At the time of writing, Bitcoin’s at $63,740, down 6% in the last 24 hours. Yay. Let’s all panic now.

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2026-02-28 17:11