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Bitcoin Struggles Below $90.4K After Bear Flag Breakdown
⬤ Bitcoin’s stuck in a rough spot right now, trapped below the $90.4K level after breaking down from a bear flag pattern. The price is hovering around $86,863 on Coinbase’s four-hour chart, and every time BTC tries to push back above that $90.4K zone, it gets smacked down. What used to be support has flipped into resistance, and bulls just can’t seem to get any traction there.
⬤ The bigger picture shows BTC has been sliding since getting rejected from the $108K-$110K range. After that reversal, the crypto moved inside a rising channel that eventually broke down, leaving price action messy and directionless in the mid-$80K area. Bulls keep trying to reclaim lost ground, but there’s clear hesitation in the market right now.
⬤ The real concern here is momentum. If buyers can’t step up and sellers keep pressing, BTC could drift down to test the $80.4K support zone marked on the chart. That’s where downside pressure might finally ease up, but until then, the path of least resistance looks lower based on the bear flag breakdown and repeated failures at $90.4K.
⬤ Bitcoin sets the tone for the entire crypto market. If BTC can’t reclaim $90.4K, expect continued caution across digital assets. A drop toward $80.4K would confirm the bearish structure and mark a deeper pullback from recent highs. On the flip side, any strong move back above resistance could shift sentiment and challenge the current downtrend.