CoinVoice has recently learned that, according to market analyst Roman, Bitcoin's current trend is forming a bearish flag pattern, with a target price of $76,000, and it may even drop to $50,000. After rebounding from a recent low of about $80,000, Bitcoin's price has been fluctuating within an ascending channel but has failed to break through key resistance, indicating a lack of upward momentum in the market. Roman pointed out that Bitcoin rose 750% from the bear market low of $15,600 in 2022, and the current bull market may have ended, advising investors to prepare for the next round of a bull market. He also noted that technical indicators such as the Relative Strength Index (RSI) are releasing bearish signals in the long term. On the other hand, trader Luca believes that Bitcoin still has hope in the short term, as its price is currently above the bull market support zone. If it can successfully hold the support zone and rebound, the medium-term outlook may turn bullish again. [Original link]
