Based on BitcoinWorld, technical analysts have identified a bear flag pattern on Bitcoin’s price chart, suggesting a potential sharp decline to $67,700. The pattern formed after a breakdown below the $90,300 support level, with over $560 million in crypto liquidations reported in 24 hours. Analysts also highlight the Bank of Japan’s upcoming rate decision as a key external risk, with fears of a repeat of the August 2024 market crash.
Bitcoin Bear Flag Pattern Signals Potential Drop to $67,700
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