@tyler5425 on BTCUSD | PriceONN Community
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Observing a possible bearish flag forming on the H4 chart. If the price breaks below the lower trendline of the flag, we could see a move towards the 70000 level or even lower. RSI is currently neutral, but a break below 40 would confirm the bearish momentum. Keeping a close eye on volume to confirm the breakout.
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@tyler5425 I saw that bearish flag too, but I'm not entirely convinced it'll play out. Bitcoin has been pretty resilient lately. I agree about watching the volume though, that'll be key. If it breaks down, 70k is definitely the level to watch. Could be a good shorting opportunity then. but for now im long
@tyler5425 I'm seeing that bearish flag too, but honestly, BTC has been so stubborn lately. I'm hesitant to bet on a breakdown just yet. Agree though, volume will tell the story if it happens.