Bitcoin is sitting in a holding pattern right now, with limited price momentum in either direction.
Market chatter keeps pointing to a potential bear flag breakdown that could trigger a move down toward 70k levels. But here's the thing—volume just isn't backing it up. Without solid volume behind a breakdown, that pattern loses a lot of teeth. A bear flag without conviction behind it is more noise than signal.
That said, lower prices are definitely possible. But if I had to call the most probable scenario? Sideways grinding looks like the base case. Expect chop rather than a clean directional move until we see either volume confirmation on a breakdown or enough buying pressure to push through resistance. Until then, tight ranges are probably your best friend for trading these levels.
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DeFi_Dad_Jokes
· 12-16 16:41
Uh, another consolidation. This wave is really exhausting. The sideways fluctuation has worn me out.
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MidnightTrader
· 12-16 16:40
Insufficient trading volume cannot support this bearish flag pattern; it's really just noise.
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DegenTherapist
· 12-16 16:31
A bear flag with low volume is just air. Right now, it's just waiting for news.
Bitcoin is sitting in a holding pattern right now, with limited price momentum in either direction.
Market chatter keeps pointing to a potential bear flag breakdown that could trigger a move down toward 70k levels. But here's the thing—volume just isn't backing it up. Without solid volume behind a breakdown, that pattern loses a lot of teeth. A bear flag without conviction behind it is more noise than signal.
That said, lower prices are definitely possible. But if I had to call the most probable scenario? Sideways grinding looks like the base case. Expect chop rather than a clean directional move until we see either volume confirmation on a breakdown or enough buying pressure to push through resistance. Until then, tight ranges are probably your best friend for trading these levels.