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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, Opening Path to $76,000 Target

Bitcoin (BTC) continues to face pressure as a bear flag pattern emerges on the daily chart, fueling new price targets at $76,000 and potentially lower. With BTC trading around $92,479, the market is beginning to register multiple bearish divergence signals and a clear weakening of upward momentum. This has analysts warning that the major correction phase is not yet over. Bear Flag Pattern Activates $76,000 Target In his latest report, trader Roman says

Bitcoin Triggers Bear Flag Pattern at New Year, Opening Path to $76,000 Target

Bitcoin (BTC) continues to face pressure as a bear flag pattern emerges on the daily chart, fueling new price targets at $76,000 and potentially lower.

With BTC trading around $92,479, the market is beginning to register multiple bearish divergence signals and a clear weakening of upward momentum. This has analysts warning that the major correction phase is not yet over.

Bear Flag Pattern Activates $76,000 Target

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

After finding a local bottom near $80,000, BTC attempted a recovery but only managed to form a shallow ascending channel — the textbook shape 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 macro factors, while driving a strong rally in equities, have failed to generate the same tailwind for crypto. Even expectations of lower interest rates in the U.S. have not been enough to provide support.

Roman argued:

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

Throughout 2025, Roman has repeatedly flagged market weakness, particularly based on declining RSI signals on higher timeframes.

A Divided Market: Bearish Pressure Builds, But Buying Demand Isn't Dead Yet

Roman is not alone — other traders have also drawn comparisons to the bear flag that preceded the 2022 downturn, when Bitcoin slid from $40,000 all the way to $15,000.

That said, sentiment is not entirely negative.

Bull Market Support Band Still Holding — A Silver Lining for Bulls

Trader Luca points to one bright spot: Bitcoin is still trading above the Bull Market Support Band — which encompasses the 21-period SMA and the 20-period EMA.

This support band has historically acted as a lifeline for Bitcoin during pullbacks within bull cycles.

Luca wrote:

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

According to data from Cointelegraph Markets Pro and TradingView, BTC is attempting to close its fourth consecutive daily candle above the support band — its 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 a critical support zone, investors are watching closely to see whether this marks the start of another deep leg down — or the launchpad for a new bull cycle.