[Analyst Roman Points Out Bitcoin Forms Bear Flag Pattern with Target Price of $76,000]
Market analyst Roman pointed out that Bitcoin's current trend has formed a bear flag pattern, with a target price of $76,000, and it could even drop to $50,000. After rebounding from a recent low of approximately $80,000, Bitcoin has been fluctuating within an ascending channel but has failed to break through key resistance and lacks upward momentum. Roman noted that Bitcoin has risen 750% from the 2022 bottom of $15,600, suggesting the current bull market may have ended, with the Relative Strength Index (RSI) signaling bearish trends over the long term. Trader Luca, however, believes Bitcoin's price is currently above the bull market support band, and if it successfully holds the support band and rebounds, the mid-term outlook could turn bullish again.