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via CoinDesk · By CoinDesk Staff
Bitcoin (BTC) price is forming a bear flag that may signal crash to $55,000, analyst says
BTC
BTC/USDT
$62,936.00
-2.12%
$62,936.00
-2.12%
(24s)24h Volume
$18,094,017,885.99
24h H/L
$65,622.83 / $62,568.90
Change: $3,053.93 (4.88%)
Long/Short
66.7%
Long: 66.7%Short: 33.3%
Funding Rate
+0.0006%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(09:19 AM UTC)
1 min read
1172 views
0 commentsSummary
- Doctor Profit, a widely followed crypto analyst, said bitcoin is forming a “bear flag” pattern.
- A breakdown from this pattern could extend bitcoin’s decline, with an initial slide to roughly $54,000–$56,000 and then possibly as low as $40,000–$50,000.
- Chart pattern interpretations, however, are subjective and can fail.
A hawkish Fed. Rising bond yields. Concerns about…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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