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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
12/12/2025

Bitcoin Triggers Bear Flag Pattern at New Year's Open, Setting Sights on $76,000 Downside Target

Bitcoin (BTC) remains under pressure as a bear flag pattern forms on the daily chart, fueling fresh price targets at $76,000 and potentially lower. With BTC trading around $92,479, the market is registering multiple bearish divergence signals and a clear loss of upward momentum — prompting analysts to warn that the current correction may not be over yet. Bear Flag Activates $76,000 Target In his latest report, trader Roman says

Bitcoin Triggers Bear Flag Pattern at New Year's Open, Setting Sights on $76,000 Downside Target

Bitcoin (BTC) remains under pressure as a bear flag pattern forms on the daily chart, fueling fresh price targets at $76,000 and potentially lower.

With BTC trading around $92,479, the market is registering multiple bearish divergence signals and a clear loss of upward momentum — prompting analysts to warn that the current correction may not be over yet.

Bear Flag Activates $76,000 Target

In his latest report, trader Roman says Bitcoin could drop another roughly 17% from current levels.

After bottoming out near $80,000, BTC staged a recovery but only managed to form a shallow ascending channel — the textbook structure of a bear flag, which typically resolves with a breakdown to new lows.

Roman wrote on X:
"Let the drop to $76,000 begin. Bearish divergences and bearish price action are doing their work."

He also noted that macroeconomic factors — while driving a strong rally in equities — have failed to generate the same tailwind for crypto. Even expectations of lower U.S. interest rates haven't been enough to provide support.

Roman argued:

"Bitcoin has already rallied 750% from its macro bottom of $15,600 in 2022. The bull run is over. The best move now is to prepare for the next cycle when price comes back around $50,000."

Throughout 2025, Roman has repeatedly flagged market weakness, pointing in particular to declining RSI readings on higher timeframes.

A Divided Market: Bears Growing Louder, but Buying Demand Isn't Dead

Roman isn't alone — other traders have also drawn parallels between the current bear flag and the 2022 breakdown, when Bitcoin slid from $40,000 all the way down to $15,000.

That said, the market is far from universally bearish.

Bull Market Support Band Still Holding — A Lifeline for Bulls

Trader Luca sees a silver lining: Bitcoin is still trading above the Bull Market Support Band — comprised of the 21-period SMA and the 20-period EMA.

This band has long been regarded as Bitcoin's safety net during pullbacks within an ongoing bull cycle.

Luca wrote:

"If price bounces from this support, the medium-term trend could flip bullish again."

According to data from Cointelegraph Markets Pro and TradingView, BTC is on track to close its fourth consecutive daily candle above the support band — the longest such streak since early October.

Conclusion: Bitcoin at a Crossroads

The market is clearly split into two camps:

Bears (Bearish)

  • Bear flag pattern on the daily chart.
  • Multiple bearish divergences on RSI and MACD.
  • Price targets: $76,000 → $50,000.

Bulls (Bullish)

  • Price is still holding above the Bull Market Support Band.
  • A strong bounce could restore the medium-term uptrend.

As Bitcoin continues to test this critical support zone, investors are watching closely to determine whether this is the start of another leg down — or the launchpad for a new bull cycle.