🐻 Bitcoin Bearish Flag Forms
Bitcoin recovery looks shaky 📉 Price dropped below $74K to $73,240, down 3.2% in 24h. Analyst Xanrox warns this could be the next leg down in a larger bearish structure ⚠️
📉 70% Through Bear Market
▶️ Per Xanrox: BTC has been in a big corrective structure since ATH $126K in Oct 2025. Chart shows 3 bearish flags - small, medium, + large one forming now 🚩
▶️ Elliott Wave ABC pattern: Wave B done. Bear market ∼70% complete, but “most painful part” still ahead 😬
🎯 $44K Crash Target🔸
Key levels to watch:
▶️ $71K - Lower boundary of current bearish flag. Break below = more downside 🔻
▶️ $63K - Early Feb low, next support zone
▶️ $44K - Final C-wave target. Xanrox calls it a high-volume “point of control” on weekly chart 💥
📅 Timeline: Pain Til Fall 2026
▶️ Bottom projected Sept/Oct 2026 🗓️ Then recovery Oct-Dec 2026. Bigger bull cycle expected 2027-2028 with BTC possibly hitting $200K by 2028 🚀
▶️ Benjamin Cowen of Into The Cryptoverse also sees Oct 2026 as base-case bear bottom, matching Xanrox 📊
#Bitcoin #BearishFlag #CryptoAnalysis #TechnicalAnalysis #CryptoNews 📉💸
