Bitcoin (BTC) price dropped 6% over the past week to trade near $68,100 after breaking a head-and-shoulders neckline on March 21. The breakdown activated a measured move target near $62,200, roughly 10% below the neckline. However, on-chain data shows whales and long-term holders are accumulating aggressively, setting up a tug-of-war between technical weakness and conviction-driven buying. Head-and-Shoulders Breakdown Puts $62,200 in Play Bitcoin completed a head-and-shoulders pattern on the 12-hour chart that had been forming since late February