Chainlink drops to $8.89, nearing $9 support. Bear flag pattern suggests further downside to $7, while LINK futures open interest falls 12% to $400M in three days. On-chain reserve continues accumulating, adding 121k LINK.
Gareth Soloway warns that Bitcoin is forming a bear flag near $85K, with a potential 38% drop to $50K unless resistance is broken. He also points to S&P 500 signals reminiscent of the dot-com peak.
Gareth Soloway warns Bitcoin's bear flag pattern targets a 38% drop to $50K, while S&P 500 echoes dot-com top signals. He remains short stocks, neutral on gold, and bullish on natural gas.
Bitcoin consolidates near $70K amid geopolitical uncertainty, while whale transactions drop to levels not seen since 2023. Technical 'bear flag' pattern warns of a potential decline to $56K if support at $67,300 fails, implying an 18% downside risk.
Bitcoin has traded mostly between $65,000 and $75,000 for nearly 50 days. Analysis suggests this is better viewed as market indecision rather than a classic bear flag, with stronger structural support than in 2022.
Bitcoin has traded between $65,000 and $75,000 for nearly 50 days since rebounding from near $60,000. Analysts argue this is better viewed as market indecision than a classic bear flag, with stronger support built in the current cycle than in 2022.
Bitcoin has consolidated between $67,000 and $72,000 for nearly 50 days. Analyst James Van Straten argues it's a mid-term correction rather than a bear flag, noting over 600,000 BTC accumulated in the $60,000-$70,000 range.
Gareth Soloway, chief market strategist at Verified Investing, warns that Bitcoin could drop 38% to $50,000 due to a bear flag pattern, while the S&P 500 shows similarities to the 2000 dot-com peak.
