The Bitcoin market has begun 2025 on a positive note with gains over 5% in the first four days of the year. Amidst this renewed bullish strength, Bitcoin is preparing for a vital encounter with the $99,900 capable of significantly altering its price trajectory in the short term.
Bull Flag Or Bear Flag, Bitcoin Bulls To Call
In an X post on January 3, crypto analyst with username Plan D shared an analytical commentary on Bitcoin’s price. Plan D stated the premier cryptocurrency is currently forming a “moon flag” that will face major resistance at $99,900.
A “moon flag” here likely refers to a chart pattern that will result in a dramatic price gain upon confirmation. It is based on the bull flag which is a continuation pattern that occurs during an uptrend indicating potential breakout and further price gains. A bull flag is characterized by a period of consolidation after a sharp price gain followed by an uptrend.
For Bitcoin’s “moon flag” to become val
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