Bitcoin drops to $62,178 with analysts eyeing a third bear flag breakdown target of $55,000. Strategy's STRC preferred shares hit a record low of $85.72, halting BTC purchases. Geopolitical tensions add to the pressure, making $61K-$62K the key battleground.
Solana consolidates near $87 support with $95 as key resistance. Analyst warns of bear flag pattern; a break below $85 could trigger drop to $78. Goldman Sachs says crypto prices may have bottomed.
Explore the bull and bear flag formations in crypto trading, their causes, identification methods, and practical applications to distinguish trend continuation from reversal.
A bearish flag on Bitcoin’s daily chart has drawn attention after trader Doctor Profit said BTC could fall to the $54,000-$56,000 range first, with options flows also showing bets on a short-term move toward $52,000.
XRP fell to $1.36, breaking the $1.40 psychological level. A bear flag pattern on the charts hints at a possible slide toward $1 if selling persists. Macro uncertainty from US strategic reserve rumors adds pressure, though ecosystem activity remains strong.
Strategy acquired 2,932 BTC at $90,000 average, now holding 3.3% of total supply. MSTR stock fell to $160; bear flag pattern suggests a possible drop to $100, a 40% decline from current levels.
Gareth Soloway warns Bitcoin's bear flag pattern near $85,000 could drive a 38% decline to $50,000, comparing the current stock market to the dot-com bubble and delaying recession forecast to 2027.
Gareth Soloway warns Bitcoin is forming a bear flag near $85,000; a breakdown could trigger a 38% slide to $50,000. He also holds short positions on the S&P 500 and sees natural gas as the only buy opportunity.
