Bitcoin — Must Read: Bear Flag Points to 42K in 2026 📉
Bitcoin is forming a massive bearish flag on the daily and weekly charts. For bears, this is a textbook setup. For bulls, not so much. Based on classic technical analysis, the measured target of this pattern sits around $42K.
How is this target calculated? Simple: take the flagpole, copy it, and project it downward from the flag’s breakdown point. I’ve already mapped this on the chart. Of course, price won’t move straight down — volatility and bounces are expected along the way.
There is a notable support zone around $71K, which could provide a temporary pause or bounce. If you’re trading short-term moves, taking profits earlier makes sense. However, the primary target remains $42K, which I expect Bitcoin could reach around September–October 2026.
If this plays out, that area could mark the ultimate bottom for Bitcoin. For long-term buyers, this would represent a rare opportunity to accumulate BTC at deeply discounted levels. Until then, patience is key.
Short-term price action may still offer upside. On the 1H chart, BTC could push toward $91K–$93K before resuming the larger move lower. But that’s not the focus here — this is a higher-timeframe bearish outlook, and on the daily chart, the bias remains clearly bearish.
