The emergence of a new Bear Flag continuation pattern suggests that CrypFlow anticipates another downward move if the price breaks below the current structure. The analyst highlighted a strong horizontal support zone around $62,650, noting that this level currently supports Bitcoin’s entire structure. This support level represents a critical line in the sand for bulls and bears, and a breakdown below it could signal serious further downside.
On the bullish side, CrypFlow added that a decisive break above the descending trendline, potentially pushing Bitcoin’s price beyond $73,000, could invalidate the ongoing bearish trend and open the door to renewed momentum.
Negative RSI Indicators Signal Further DowntrendThe analyst also identified two “Oversold” RSI readings, one in December 2025 and the other around February 2026, both of which coincided with sharp price drops. Notably, a descending red trendline across the RSI indicates that each bounce has been weaker than the last, a major bearish signal.
