Bitcoin Analyst Suggests Possible Bear Flag Pattern Echoing 2022 Trend

An analysis suggests that Bitcoin may be forming a Bear Flag pattern, similar to the price action observed during 2021-22.

Key Points

The Bear Flag is characterized by an initial sharp downward move (the "pole") followed by a parallel consolidation channel (the "flag").
In 2021, Bitcoin experienced a 54% drawdown, followed by a bull run to an all-time high (ATH) of over $69,000, which then transitioned into a bearish phase in 2022.
The current trend mirrors this with a new ATH above $126,000 in 2025, albeit with a smaller interim decline of 30%.
Currently, Bitcoin's price has dropped to $91,000, and its sideways movement might be part of a Bear Flag formation.
Continuation patterns like Bear Flags often lead to breakouts in the same direction as the preceding trend.

Investors are watching closely to see if Bitcoin's current trajectory aligns with past cycles or diverges.