Bitcoin (BTC) price action has painted bearish continuation patterns on its daily chart, which may propel BTC to new lows, according to analysts.
Key takeaways:
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A sharp decline in spot buying and weakening ETF demand suggests that the upside may be limited.
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Bitcoin’s bear flag pattern on the daily time frame targets $67,000 BTC price.
BTC price could bottom at $66,000
The BTC/USD pair has formed a bear flag on the daily chart, as shown in the figure below. This bear flag formed following…
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