Bitcoin (BTC) has a brand new $76,000 goal because the each day chart continues to print a bear flag sample.
Key factors:
Bitcoin will get new $76,000 and $50,000 worth targets for the subsequent section of its main correction.
The bull market is “over,” a dealer says, noting a number of bearish divergences.
Bitcoin’s bull market help band provides short-term hope for the continuing reduction bounce.
Dealer on BTC worth: “The bull run is over”
In his newest evaluation Thursday, dealer Roman informed X followers to anticipate one other 17% BTC worth drop.
Since its latest native lows close to $80,000, BTC/USD has struggled to rebound, as an alternative buying and selling inside an upward-sloping channel.
This has the potential to develop into a basic bear flag — a reduction bounce inside a broader downtrend, with new lows coming consequently.
“Let the drop to 76k start. Bear divs + bear worth motion proving their price,” Roman commented alongside a chart exhibiting worth, quantity, relative power index (RSI) and shifting common convergence/divergence (MACD) information.
The publish famous that macroeconomic catalysts, whereas propelling shares increased, had didn’t affect crypto market worth motion. Even decrease US rates of interest had been no cause to anticipate reduction.
“Bitcoin went up 750% from macro lows,” Roman argued concerning the 2022 bear market backside at $15,600.
“The bull run is over. Your only option now could be to plan for the subsequent one once we land round 50k.”
All through a lot of 2025, Roman warned of an impending bull-market collapse, with RSI specifically giving bearish alerts on longer timeframes.
The bear flag was not misplaced on the broader crypto buying and selling neighborhood, in the meantime, with Ted Pillows drawing comparisons to cost motion from 2022.
The resemblance between the $BTC present cycle and the final cycle is actually surprising.
If this performs out, a pump to $100,000 after which a dump beneath $70,000. pic.twitter.com/ulJ6yu1uHZ
— Ted (@TedPillows) December 11, 2025
Bitcoin bulls combat to protect reduction bounce
Within the brief time period, others noticed modest indicators of enchancment.
Associated: Bitcoin due 2026 backside as trade volumes grind decrease: Evaluation
Dealer Luca famous that on the each day chart, worth was now above Bitcoin’s bull market help band.
Fashioned from the 21-period easy shifting common (SMA) and 20-period exponential shifting common (EMA), the help band usually options as a security web throughout bull-market corrections.
“If the worth can handle to bounce off this help band, then the mid-term outlook will develop into decisively bullish once more,” Luca informed X followers Thursday.
BTC/USD is at present making an attempt its fourth each day candle shut above the help band, per information from Cointelegraph Markets Professional and TradingView. This might be its longest stint above since early October.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a call. Whereas we attempt to offer correct and well timed info, Cointelegraph doesn’t assure the accuracy, completeness, or reliability of any info on this article. This text could comprise forward-looking statements which can be topic to dangers and uncertainties. Cointelegraph is not going to be accountable for any loss or injury arising out of your reliance on this info.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a call. Whereas we attempt to offer correct and well timed info, Cointelegraph doesn’t assure the accuracy, completeness, or reliability of any info on this article. This text could comprise forward-looking statements which can be topic to dangers and uncertainties. Cointelegraph is not going to be accountable for any loss or injury arising out of your reliance on this info.
