Bitcoin price continued to remain under pressure on Thursday as U.S. spot Bitcoin exchange-traded funds recorded net outflows for a fifth consecutive day. 🧘♂️💸
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From a technical perspective, Bitcoin continues to trade below its 50-day SMA, signaling bearish short-term momentum. This outlook is reinforced by the MACD, which shows the buying pressure is fading as the MACD line remains pinned below the signal line. Technical analysis says it’s bearish. That’s the official term for “we’re all just waiting for the crash.” 📉📊
On top of that, Bitcoin is nearing a breakdown from a bearish flag pattern on the daily chart. This technical formation typically precedes a period of sustained downside in the short term. Bitcoin is about to break the bearish flag. That’s not a flag; that’s a warning sign. 🚩
For now, traders are watching $85,200, which has acted as a strong demand zone throughout this month. A break below this level could lead to a drop toward the Nov. 21 low of $80,757. Traders are keeping an eye on $85,200. If it breaks, we might see $80,757. That’s like watching a car crash in slow motion. 🚗💨
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2025-12-25 15:55