Key takeaways:
-
The emergence of a bear flag on the daily chart projects a Bitcoin price drop to $88,000.
-
Traders say BTC price may drop as low as $97,500,000 if key support levels are broken.
Bitcoin’s (BTC) price is forming a classic bearish pattern in the daily time frame, triggering fears that a breakdown could lead to a drop below $90,000.
Bull flag breakout points to $88,000 target
Bitcoin’s price action has formed a textbook bear flag pattern on the daily chart, a bearish continuation…
Read the full article here
