The Bitcoin price has fallen out of a bear flag/channel structure and is now holding below $63K. Are the bears completely in charge now, and could a new low be incoming?
Channel breakdown target below $60K
Source: TradingView
The short-term time frame reveals how the $BTC price has now crashed out of the bear flag structure, falling below the 100 SMA as it did so. We are still calling it a bear flag although the 3rd touch of the top trendline, in order to confirm the pattern, never materialised.
If we take the pattern as a channel, the measured move from the breakdown would take the price exactly down to the $59,600 horizontal level. This would probably be the last line of support before getting down to $57K and then the low $50Ks.
If on the other hand the bulls are going to push the price back up, perhaps to confirm the bottom of the bear flag, this will likely be signalled by a cross up of the indicator line through the descending trendline in the Relative Strength Ind
We współpracy z: https://cryptodaily.co.uk/2026/06/bitcoin-breaks-down-from-bearish-structure-now-holding-below-63k
