BITCOIN HEADED TOWARDS $60K? 😨 LET’S SLOW THIS DOWN. Yes, the chart looks scary at first glance. Lower highs. A bear flag. And everyone suddenly talking about $60,000 again. That fear is real. But fear alone has never explained Bitcoin’s bigger moves. 👉 THE FEAR IS TECHNICAL, THE MARKET IS NOT Patterns like bear flags exist because of retail behaviour. They show how leveraged traders react to price, not how capital actually flows. Today’s Bitcoin is very different. A large part of BTC supply is held by: • Institutions • Long-term whales • ETFs and funds • Balance sheets, not trading screens These players don’t sell because a flag breaks on a 4H chart. They rebalance, hedge, or wait. That’s why relying only on patterns can be dangerous. Retail sees the breakdown. Leverage piles in. And that’s often where liquidations happen, not trend reversals. 👉 LEVERAGE TRADERS MAKE PATTERNS LOOK STRONGER Bear flags work best when markets are dominated by short-term traders. But when leverage is high, patterns become liquidation magnets. Price wicks below support. Stops get hit. Positions get flushed. And then Bitcoin does what it usually does: moves opposite to where the majority is positioned. This is why panic selling during “obvious” setups has historically been expensive. 👉 THE REAL LINE THAT MATTERS RIGHT NOW For the safe side, Bitcoin needs to reclaim strength. That means moving back above resistance and re-entering the flag structure, roughly above $91K. Above that level: • Bear narrative weakens • Shorts get trapped • Structure stabilizes Below it, volatility stays high. But that still doesn’t automatically mean $60K. This is not the time to panic. It’s the time to observe, manage risk, and avoid emotional decisions. Bitcoin today is less about chart patternsand more about : who is holding, who is forced to trade, and who has patience.