May 4, 2026

BITCOIN – Wedge or bear flag?!

BITCOIN - Wedge or bear flag?!

BITCOIN - Wedge or bear flag?!

Bitcoin – Wedge or bear flag?!

Bitcoin / TetherUS BINANCE:BTCUSDT
mignaly


BITCOIN - Wedge or bear flag?!

Hello everyone

As we see on the chart on daily timeframe BTCUSDT in between two levels of 41200$ and 39500$ (we had a bear spike in 4 hours time frame yesterday).

✔️If we consider this trading range the end of a wedge pattern in a clean breakout of the 41200 level we may see a retest of this level and have the price reach the next level 44000$.

❌ On the other hand, If we consider this a bear flag (or cup and handle ) pattern on lower time frame(4 H maybe)the we may see the break of 39500$ and retest of the weekly trend line (the black line) which shows the higher lows on the market.

In my opinion ( not a financial suggestion) We may see the price goes higher.

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