BTC forms bearish flag — targets $76K and $50K as traders warn ‘bull market over’
Bitcoin (BTC) has formed a bearish flag on the daily chart, prompting traders to set downside targets at $76,000 and, in a longer-term scenario, $50,000. Analyst Roman flagged multiple bearish divergences across RSI, MACD and volume and described recent gains as a corrective bounce within a larger downtrend, forecasting roughly a 17% decline from recent local highs. Some traders compared the setup to 2022 price action — a potential pump toward ~$100,000 followed by a sharp dump under $70,000. Contrasting views focus on the so-called bull-market support band (21-SMA and 20-EMA). Trader Luca and others note BTC is attempting a fourth consecutive daily close above that band — its longest stretch since October — and say a sustained daily close above it would restore a medium-term bullish outlook and reduce downside risk. Key takeaways for traders: (1) Persisting bearish divergences and a confirmed bear-flag breakdown would likely target $76K and could extend toward $50K; (2) a credible rebound and daily closes above the 21-SMA/20-EMA band would favor a mid-term recovery and limit losses; (3) watch volume, RSI/MACD confirmation and whether price decisively breaks the support band for trade entries, stops and position sizing. (Not investment advice.)
Bearish
The combined reports emphasize bearish technical signals that increase downside risk for BTC. The identification of a daily bear flag and multiple bearish divergences (RSI, MACD, volume) point to a likely corrective pullback to the $76K target and a possible extension to $50K if sellers accelerate. These indicators historically correlate with increased selling pressure and trend continuation after a pattern breakdown. Short-term trader behavior will likely be defensive: tighter stops, reduced leverage, and short or hedge positioning while the pattern resolves. Conversely, the presence of the 21-SMA/20-EMA bull-market support band introduces a clear invalidation level for the bearish thesis: sustained daily closes above that band reduce the probability of a large drop and support a medium-term recovery. For traders, the actionable triggers are (1) a confirmed daily close below the support band and bear-flag breakdown — bearish signal to increase defensive or short exposure; (2) multiple daily closes back above the band with supporting volume and rising RSI/MACD — bullish signal to reduce shorts and consider entries. Overall, because the balance of technical evidence favors a pattern that precedes declines unless invalidated by sustained support-band strength, the net price impact is classified as bearish.