🐻⛳️ $BTC is forming a bearish flag pattern
📉From the peak ~97.9k sharply dropping to ~60k: (flagpole) clearly visible (steep red line).
Currently, the price is moving sideways in a slightly rising parallel channel (green line), higher lows + higher highs are narrow, that is the flag. We can clearly see that the price has formed the flagpole and the flag (Bearish Flag)
📊Volume is gradually decreasing in the flag → a sign that the price will continue to drop.
😱If it breaks down below the support line (~60-62k) with increasing volume → the price target will move down to the price range: 50k-55k (the length of the pole projected down).
❔Which side do you think will win? Bear or Bull?
#BTC #IranIsraelConflict #bearishmomentum #iOSSecurityUpdate #xrp
📉From the peak ~97.9k sharply dropping to ~60k: (flagpole) clearly visible (steep red line).
Currently, the price is moving sideways in a slightly rising parallel channel (green line), higher lows + higher highs are narrow, that is the flag. We can clearly see that the price has formed the flagpole and the flag (Bearish Flag)
📊Volume is gradually decreasing in the flag → a sign that the price will continue to drop.
😱If it breaks down below the support line (~60-62k) with increasing volume → the price target will move down to the price range: 50k-55k (the length of the pole projected down).
❔Which side do you think will win? Bear or Bull?
#BTC #IranIsraelConflict #bearishmomentum #iOSSecurityUpdate #xrp