Bitcoin has Created a 'Bear Flag' But It is Not a Good Sign! Why?
— Bear, Investors, Market, Sign, Created, Bitcoin, Flag, Crash, Crypto, Price — 1 min read
Bitcoin has created a 'Bear Flag' in the crypto market, but it is not a good sign for crypto investors. The bear flag of Bitcoin means there is an upside-down pattern on its price chart. The breakdown will be experienced if the cryptocurrency price finished below the lower end of the bear flag at the end of a trading date. The current price of Bitcoin is US$20,154.65 with a market cap of US$384.82 billion and a volume of 34.48 billion. That is not suitable for long-term crypto investors who are hopeful for Bitcoin to raise its price, just like US$68k in November 2021. The breakdown of the Bitcoin price in the Bear flag situation may extend to offering more disadvantages in the Source