Bitcoin is currently forming a potential bear flag pattern, consolidating within the 121,200–119,000 zone — a key supply area that may define short-term direction.
A sustained break below 119,000 could trigger further downside pressure toward the 117,600 support.
Below that, the 111,000–108,600 range stands as a secondary demand block.
On the upside, 125,000 acts as a strong resistance level that needs to be reclaimed for any bullish momentum to develop.
The measured move from the bear flag projects a potential target around 121,000.
⚠️ This analysis is for educational purposes only and does not constitute financial advice.
#BTC #Bitcoin #CryptoAnalysis #BearFlag #TradingView #PriceAction
A sustained break below 119,000 could trigger further downside pressure toward the 117,600 support.
Below that, the 111,000–108,600 range stands as a secondary demand block.
On the upside, 125,000 acts as a strong resistance level that needs to be reclaimed for any bullish momentum to develop.
The measured move from the bear flag projects a potential target around 121,000.
⚠️ This analysis is for educational purposes only and does not constitute financial advice.
#BTC #Bitcoin #CryptoAnalysis #BearFlag #TradingView #PriceAction
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