The bearish flag of Bitcoin for New Year indicates a price target of BTC at $76,000.$BTC
Bitcoin has a new target of $76,000; its daily chart continues to show a bearish flag pattern.
Bitcoin BTC €77,000 has a new target of $76,000; its daily chart continues to show a bearish flag pattern.
💥Key points:
🔸Bitcoin sets new price targets of $76,000 and $50,000 for the next phase of its significant correction.
🔸The bull market has "ended," claims a trader, highlighting multiple bearish divergences.
🔸The bullish market support band of Bitcoin offers short-term hopes for the ongoing relief rally.
👉Trader on BTC price: "The bull run has ended".
In his latest analysis on Thursday, trader Roman told his followers on X to expect another 17% drop in the price of BTC.
Since its recent local lows near $80,000, the BTC/USD pair has struggled to rally, instead trading within an upward channel.
This has the potential to become a classic bearish flag, a relief rally within a broader downtrend, with new lows as a result.
