Crypto Strategist Warns Bitcoin Fighting Bearish Pattern, Predicts New Lows for Solana
An analyst known for making timely crypto calls is warning that Bitcoin (BTC) is suddenly flashing a bearish signal. Pseudonymous analyst Bluntz tells his 337,700 followers on X that Bitcoin may be forming a classic bear flag pattern. Bearish flag patterns are used in technical analysis to forecast abrupt moves to the downside. They are formed when price consolidates upwards after a strong downtrend, but fails to break a key support level. “Not exactly a fan on this channel on BTC, could easily turn into a bear flag if it falters here.” Looking at his chart, the analyst suggests BTC needs to convincingly remain above the $70,000 range to invalidate the bearish signal. He also predicts that Bitcoin will eventually retrace to the Fibonacci retracement level at $51,299. Fibonacci retracement levels are used in technical analysis for determining an asset’s support and resistance levels. “I t
Source: https://dailyhodl.com/2026/04/08/crypto-strategist-warns-bitcoin-fighting-bearish-pattern-predicts-new-lows-for-solana/
