Analysts see Bitcoin bear flag targeting $50,000 or $41,000

Bear flag flashes on Bitcoin. Price hovers near $66k; analysts map $50k, warn of $41k risk.

Oil jumped after the Strait of Hormuz closed. Risk assets fell. Bitcoin joined the selloff.

What traders watch

• A bear flag has formed on the chart, suggesting continuation lower if it breaks down source.
• Downside map from analysts points to ~$50k first, with ~$41k as a deeper floor if selling accelerates source.
• Cycle context: midterm years often fade into summer; Benjamin Cowen highlights a “mid-cycle dip zone” lasting several quarters source.

Near term, geopolitics and higher oil add pressure. The timing weakens an already fragile setup source.