I'm following this Bitcoin price analysis and honestly I wonder if this rally will continue or if we're going to drop again. Wednesday's candle broke through the flag resistance, but still closed below it. Very weak signal in my opinion. The price is at $77.55K now, but to confirm that the bulls really have strength, it needs to go above $80K and stay there for real. It's complicated. Looking at the daily chart, the 50-day SMA is losing curvature, and the RSI is also showing rejection signals. Remember the previous pattern that collapsed? It looks too similar. There's this broadening channel structure signaling indecision in the market. Usually when I see this, volatility spikes to one side or the other. If it doesn't break upward, the risk is returning to the lower support line of the flag. I think the critical point is the Fibonacci level 0.618. If it rejects again from there, the downtrend could resume strongly. Some analysts mention a possible drop to $66K if that happens. But as long as the US sentiment remains positive, cryptocurrencies can take advantage of the momentum. Let's see how the week closes.

BTC-0.19%
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