April 19, 2026

BTC/USD inside bearish flag and price can drop to 36500$ soon

BTC/USD inside bearish flag and price can drop to 36500$ soon

BTC/USD inside bearish flag and price can drop to 36500$ soon

BTC/USD inside bearish flag and price can drop to 36500$ soon

Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Michael_Winner


BTC/USD inside bearish flag and price can drop to 36500$ soon

Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in comments, we will try to answer for all, thank you guys.

Bitcoin is inside big bearish flag on 4h timeframe.
I see 2 main scenarios, one with pullback to top part of flag.
This is will be around resistance level 42500$
And second is if tomorrow S&P500 index will fall.
In this case BTC also will exit from this flag downward.
And price can fall until S&P will fall.
Because now correlation between BTC and S&P around 90%.
Target and support level for short is level around 36500$
I can indicate support area at 36000-37000$.

I expect this scenario, so be prepare for next movements.
Thanks for your time, we hope our work is good for you, and you are satisfied, wish you a good day and big profits.

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