Bitcoin drops to $66,636 with $115M longs liquidated in an hour. Analysts flag a repeat of the bear flag that crashed BTC from $89K to $60K, targeting $46K. Others see buying opportunity in the low $60K zone. ETF outflows add pressure.

Analyst Gareth Soloway highlights Bitcoin facing rejection at $82K-$86K, with bear flag probability dropping below 70%. Ethereum shows a cup and handle targeting $2,700, while XRP tests a year-long downtrend line with breakout target $1.83 and failure level at $1.38.

Bitcoin's price fell to $58,000, technically confirming a bear flag pattern breakdown. This classic bearish signal sets a projected target of $54,000 or lower, intensifying bearish sentiment. This article explains the bear flag formation, target calculation, and key technical levels to watch.

Bitcoin's drop to $58,000 has confirmed a bear flag breakdown, setting a new technical target of $54,000 or below. This article explains the bear flag pattern, how the measurement target is calculated, and what it means for market sentiment. Bears are now in control, and key support levels are under threat.