$BTC price has been at the top of its bear flag since Wednesday. Here we are on Friday, and Bitcoin has yet to break through. Are things starting to look a little ominous? If the crypto king doesn’t explode by the end of this week, investors may start to hesitate. Could a decline be on the way?
Possible pullback to $72,000?
source: TradingView
The 4 hour time frame shows how Bitcoin price in dollars I reached the top of the bear flag by following Rising channel All the way from the bottom. Instead of the price now seeking a breakout, it appears to be consolidating below the bear flag trend line. Also, to give a slightly bearish bias, the price may be about to drop through the middle line of the channel, and this has always brought the price back to the bottom of the channel.
While this Formation of an ascending channel If the price rises, the exit from this type of structure is often towards the bottom. Therefore, if the price drops there, the bottom of the channel, as well as the $76,000 horizontal support level, will be key for the bulls to hold out.
As can be seen in the chart above, the speculative path for this next potential downward move is plotted in red. A measured move outside the channel could take the price down to around $72,000 – not far from the horizontal support line and a retest of the bear market trend line.
From a bullish perspective, the Stochastic RSI lines are approaching the bottom, indicating that bullish momentum may return later on Friday. This could lead to another breakout opportunity, taking the price through the top of the bearish flag and reaching the top of the channel.
Consistent downtrend in RSI – can it be broken?
source: TradingView
The daily chart paints a great picture of the current setup. As for bullish expectations Daily candles begin to hold above the 100-day simple moving average (green line). This was last witnessed by Bassem Bitcoin price in dollars It rose to the top of the bull market. The 50-day SMA (blue line) is also rising and may be about to cross the 100-day SMA – an event typically seen near the beginnings of rallies.
However, from a bearish point of view, the price is still within the bear flag, and even if it breaks out, it will still need to cross $98,000 in order for the downtrend to officially change into an uptrend. Of course, this is likely to happen at some point. It remains to be seen whether the trend change process will continue from here.
What seems to be the most convincing evidence from this chart is… Continuing downward trend of the RSI line. This trend has been down since November 2025 and should be broken by the end of the year Bitcoin price in dollars To continue climbing.
Bullish MACD on weekly time frame
source: TradingView
It ends on a more bullish note, if there is a breakout of the level Bitcoin price in dollars From here, the price will have broken through a very strong resistance level at $78,000, as well as breaking the top of the bear flag, which typically represents a 30% to 40% chance.
However, the main takeaway from the weekly chart above is: The MACD indicator is bullish. After reaching its lowest point ever, the blue indicator line crossed above the red signal line, while a second green bar materialized in the chart.
However, it is worth noting that the MACD can lag the price action by anywhere from two to several weeks, so if another decline occurs, we cannot expect the MACD to give us any advance warning.
Disclaimer: This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.
