BTC price forming a bear flag... will it go down?

Bitcoin / TetherUS (BINANCE:BTCUSDT)

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BINANCE:BTCUSDT Bitcoin / TetherUS

Looking at the price of BTC in the past 24 hours since the big drop, it seems to be forming a bear flag. Will it break down towards $6300-6400 (length of flag pole)? Stay tune...

Commentaire:

Incredibly, I had extended the length of the bear flag yesterday, and the drop from the ascending wedge within the bear flag happened right at where I drew the line for the anticipated drop! But it is still within the bear flag so no imminent big drop yet and BTC might make another temporary rally up, possibly towards the top of the downward trend line.

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