Opinion: BTC failed to rebound after approaching a low near $80,000, potentially becoming a bear flag pattern
According to Cointelegraph, the recent target price for Bitcoin (BTC) is $76,000 and $50,000. Trader Roman stated that the bull market has ended, and BTC's price is expected to drop another 17%. BTC/USD failed to rebound after approaching a low near $80,000, forming an upward channel that could become a classic bear flag pattern.Roman noted that macroeconomic factors have failed to impact the cryptocurrency market prices, and even a decline in U.S. interest rates did not bring relief. He believes that Bitcoin has risen 750% from its low of $15,600 in 2022 and suggests preparing for the next bull market.