$BTC Identifying a BTC Bearish Flag

A bearish flag is a critical continuation pattern that signals a potential resumption of Bitcoin's (BTC) downtrend after a brief, corrective pause.

This pattern forms after a steep price decline—the flagpole. The subsequent consolidation trends slightly upward within parallel channels, representing a temporary relief rally. A key characteristic is declining trading volume during this consolidation phase.

The bearish signal is confirmed when BTC's price breaks down below the flag's lower support line. This breakdown typically occurs on increasing volume and projects a further decline, often equal to the length of the initial flagpole.

Ultimately, this pattern warns that the prevailing selling pressure is likely to intensify.$PIPPIN $POWER

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