Bitcoin: Forms Bear Flag

Altcoin Daily spots a textbook Bitcoin bear flag on charts, raising alarms if the recent rally traps bulls, potentially signaling a downturn in BTC price prediction amid ongoing crypto market volatility.

Zooming into the 4-hour BTC chart, price action at $80,314.56 tests upper resistance near $80,214.96 while clinging to a bullish trend with the 50-EMA at $77,966.44 providing solid support above the 200-EMA at $74,879.17. MACD screams bullish with a golden cross at 668.52, yet RSI at 64.67 stays neutral, hinting at no immediate overbought exhaustion. Volatility bands suggest this upper test could precede a pullback to lower support around $77,397.87, aligning with broader bitcoin market crash risks if bears seize control, especially as TAO and BTC trends intersect in macro plays.