Bitcoin (BTC) is targeting the milestone of 76,000 USD as the daily chart continues to show a bearish flag pattern.
Trade assessment: “The bullish cycle has ended”
In the latest analysis on Thursday, trader Roman shared on platform X that investors should prepare for another BTC price drop, which could reach up to 17%.
Since hitting a local bottom near 80,000 USD, BTC has not been able to recover strongly, mainly fluctuating within a slight upward channel. This trend poses the risk of forming a classic bearish flag pattern – a technical rebound in a larger downtrend, with the risk of new lows appearing.
"Let the drop to $76,000 begin. The bearish divergence and declining price action are showing significant influence," Roman commented, along with a chart illustrating indicators such as price, trading volume, RSI, and MACD.
Roman also noted that while macro factors are driving growth in the stock market, they are not creating a positive impact on price movements in the cryptocurrency market. Even the reduction in US interest rates is not a supportive factor for Bitcoin.
"Bitcoin has increased by up to 750% since the macro bottom," Roman emphasized about the bottom of the bear market in 2022 at $15,600.
"The bullish cycle has ended. The best strategy now is to plan for the next cycle when the price approaches around $50,000."
Throughout most of 2025, Roman continuously warned about the risk of a bull market collapse, especially when the RSI indicates negative signals on longer time frames.
The bear flag pattern has also captured the attention of the cryptocurrency community, as analyst Ted Pillows related it to the price movements of 2022.
The bulls are trying to maintain the rhythm of recovery
From a short-term perspective, some traders are noticing certain signs of improvement. Trader Luca stated that on the daily chart, the price is currently above the support range of the Bitcoin bear market.
This support range is formed by the 21-period simple moving average (SMA) and the 20-period exponential moving average (EMA), often acting as a 'safety net' during corrections in a bull market.
"If the price can bounce off this support range, the medium-term outlook will return to a clear upward trend," Luca shared on X on Thursday.
According to data from Coinphoton, BTC is currently trying to close the fourth consecutive day above the support range – this is the longest streak of maintaining above the support range since the beginning of October.
https://coinphoton.com/mo-hinh-co-gau-nam-moi-cho-thay-bitcoin-nham-muc-tieu-76-000-usd.html
