Just spotted something on the BTC daily chart that's worth paying attention to. There's a pretty textbook bearish flag pattern forming here - we had that sharp drop to 60k that set up the flagpole, and now we're consolidating in this wedge. If we break below the lower boundary, could be looking at a test of 56k in the next couple months, which would be roughly a 20% move down from where we're trading now around 78.7k.



That said, whale inflow ratios are at record highs according on-chain data, which usually signals some selling pressure from the big players. But here's the thing - the Greed & Fear Index is showing some interesting signals too. The 21-day MA just crossed below zero and is turning back up, which could hint at a potential bottom forming. So while the bearish flag pattern is something to monitor, a break above 72.7k would flip the script pretty quickly. Just watching the levels for now.
BTC-0.02%
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