Bitcoin (BTC) has a revised target of $76,000 as the daily chart continues to show a bear flag pattern.
Key points:
Bitcoin has new price targets of $76,000 and $50,000 for the next phase of its significant correction.
A trader states that the bull market has “ended,” citing multiple bearish divergences.
The bull market support band for Bitcoin offers short-term optimism for the current relief bounce.
Trader on BTC price: “The bull run has concluded”
In his latest analysis on Thursday, trader Roman urged X followers to prepare for a potential 17% drop in BTC pricing.
Following its recent local lows close to $80,000, BTC/USD has been struggling to recover, instead moving within an upward-sloping channel.
This pattern could evolve into a classic bear flag—indicating a relief bounce amid a larger downtrend, potentially leading to new lows.
“Let the drop to $76k commence. Bear divergences and bearish price movements are validating their significance,” Roman remarked alongside a chart depicting price, volume, relative strength index (RSI), and moving average convergence/divergence (MACD) data.
His post indicated that macroeconomic factors, despite pushing stocks upward, have yet to affect crypto market price behavior. Even decreasing US interest rates offered no reason to foresee relief.
“Bitcoin surged 750% from macro lows,” Roman noted concerning the bear market bottom in 2022 at $15,600.
“The bull run has ended. Your best strategy now is to prepare for the next one, targeting around $50k.”
Throughout much of 2025, Roman cautioned about a potential bull-market downturn, particularly highlighting bearish signals in the RSI over extended timeframes.
The bear flag has caught the attention of the broader crypto trading community, with Ted Pillows drawing comparisons to price behavior from 2022.
The similarity between the $BTC current cycle and the previous cycle is genuinely astonishing.
If this scenario plays out, expect a surge to $100,000 followed by a drop below $70,000. pic.twitter.com/ulJ6yu1uHZ
— Ted (@TedPillows) December 11, 2025
Bitcoin bulls strive to maintain relief bounce
In the near term, others observed slight indications of progress.
Related: Bitcoin anticipated to reach 2026 bottom as exchange volumes decrease: Analysis
Trader Luca pointed out that the daily chart shows prices above Bitcoin’s bull market support band.
Comprising the 21-period simple moving average (SMA) and 20-period exponential moving average (EMA), this support band often acts as a safety cushion during bull-market corrections.
“If the price can successfully bounce off this support band, the mid-term outlook will significantly turn bullish again,” Luca told X followers on Thursday.
BTC/USD is currently trying for its fourth consecutive daily candle close above the support band, according to data from Cointelegraph Markets Pro and TradingView. This would mark its longest duration above this level since early October.
This article does not constitute investment advice or recommendations. All investments and trading actions involve risk, and readers should carry out their own research before making decisions. Although we aim to provide accurate and timely information, Cointelegraph does not ensure the accuracy, completeness, or reliability of any data in this article. This article may include forward-looking statements that carry risks and uncertainties. Cointelegraph will not be accountable for any loss or damage resulting from reliance on this information.
This article does not constitute investment advice or recommendations. All investments and trading actions involve risk, and readers should carry out their own research before making decisions. Although we aim to provide accurate and timely information, Cointelegraph does not ensure the accuracy, completeness, or reliability of any data in this article. This article may include forward-looking statements that carry risks and uncertainties. Cointelegraph will not be accountable for any loss or damage resulting from reliance on this information.
