January 29, 2026
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Bitcoin Analysis 5/8/22 (Bear Flag + Descending Channel Update)

Bitcoin Analysis 5/8/22 (Bear Flag + Descending Channel Update)

Bitcoin Analysis 5/8/22 (Bear Flag + Descending Channel Update)

Bitcoin Analysis 5/8/22 (Bear Flag + Descending Channel Update)

BTCUSDT Perpetual Contract BYBIT:BTCUSDT
NeutronMan


Bitcoin Analysis 5/8/22 (Bear Flag + Descending Channel Update)

Bitcoin appears to be retesting the bottom support level of the bear flag on the 1 HR chart and it appears to be ready to complete its move down for the Descending Channel on the 12 HR Chart. The supposed price target is $32.5k. Also on the 1 Week chart, Bitcoin appears to be forming a falling wedge . The lower price target for that is currently sitting around $22k.

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