$BTC This looks bearish.

Yesterday, I pointed out the bear flag that had formed on the higher timeframes.

Now price has broken below the bear flag support and validated the breakout with a daily close below it.

This is extremely bearish, as it makes a sweep of the lows highly likely.

As explained before, the technical target of the pattern would be around 50k.

Let’s see where this takes us.

BTC
BTCUSDT
63,910
+1.45%