Bitcoin Bearish Flag Has Analysts Looking for Crash Lows

Bitcoin has lost about 13% this month and is on track to test support from the lower end of a so-called “bearish flag” technical pattern.

Immediate support in the pattern for the largest cryptocurrency, which is currently trading around $38,000, lies at $37,582 — under which the next key level is the lower end of the flag around $36,700. Any break of the flag will bring $26,000 into focus. 

Source: Bloomberg