Bitcoin’s 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 setup formed when the price consolidates upward in a parallel channel after a sharp downward move. In Bitcoin’s case, the flag began forming after BTC bottomed at around $103,530 on Oct. 11. The consolidation has persisted over the last week, with the price continuously retesting the support line of the flag, currently at ... (full story)