Bitcoin’s price fell amid persistent selling pressure, trading near $73,389 with a 3.15% daily decline. Analyst Crypto Patel identified long-term accumulation zones, suggesting strategic buying opportunities despite the bearish momentum indicated by technical indicators.
Bitcoin price continues to face downward pressure amid increasing market weakness. At the time of writing, BTC was trading at $73,389 after a 3.15% drop over 24 hours.
Daily trading volume reached $58.86 billion while the market capitalization stood at $1.47 trillion. Technical indicators signal building bearish momentum for the cryptocurrency.
The RSI 14 stands at 35.09, trading below its moving average of 44.86. Meanwhile, the MACD line reads -773.43, below the signal line value of -609.28.
On May 28, 2026, analyst Crypto Patel highlighted this period could be used to increase Bitcoin holdings. He stated, “the current situation, where a lot of people are frightened because Bitcoin is trading at $74,000, is not an exception in the market cycle.”
Patel is closely following three accumulation zones for potential buying. His first buy zone at $60,000 has been covered, with second and final zones at $45,000 and $35,000 respectively.
The analyst also outlined long-term price targets of $200,000, $300,000, and $500,000. He emphasized these figures should be considered as long-term goals rather than short-term expectations.
Patel noted that significant pullbacks present lucrative prospects for long-term investors. The current market sentiment has weakened as investors anticipate deeper corrections before a recovery phase.
