Bitcoin new year bear flag sparks $76K BTC price target next

cointelegraphPublished on 2025-12-12Last updated on 2025-12-12

Abstract

Bitcoin (BTC) is showing a bear flag pattern on the daily chart, with traders setting new price targets of $76,000 and $50,000 as part of a major correction. One analyst, Roman, argues the bull run is over, citing bearish divergences in RSI and MACD indicators, and expects a further 17% drop. Despite a short-term relief bounce above Bitcoin’s bull market support band, the overall sentiment remains cautious. Comparisons are drawn to the 2022 cycle, suggesting a potential pump to $100,000 followed by a decline below $70,000. Macroeconomic factors have so far failed to boost crypto markets, reinforcing the bearish outlook.

Bitcoin (BTC) has a new $76,000 target as the daily chart continues to print a bear flag pattern.

Key points:

  • Bitcoin gets new $76,000 and $50,000 price targets for the next phase of its major correction.

  • The bull market is “over,” a trader says, noting multiple bearish divergences.

  • Bitcoin’s bull market support band offers short-term hope for the ongoing relief bounce.

Trader on BTC price: “The bull run is over”

In his latest analysis Thursday, trader Roman told X followers to expect another 17% BTC price drop.

Since its recent local lows near $80,000, BTC/USD has struggled to rebound, instead trading within an upward-sloping channel.

This has the potential to become a classic bear flag — a relief bounce within a broader downtrend, with new lows coming as a result.

“Let the drop to 76k begin. Bear divs + bear price action proving their worth,” Roman commented alongside a chart showing price, volume, relative strength index (RSI) and moving average convergence/divergence (MACD) data.

The post noted that macroeconomic catalysts, while propelling stocks higher, had failed to influence crypto market price action. Even lower US interest rates were no reason to expect relief.

“Bitcoin went up 750% from macro lows,” Roman argued about the 2022 bear market bottom at $15,600.

“The bull run is over. Your best option now is to plan for the next one when we land around 50k.”
BTC/USD one-day chart. Source: Roman/X


Throughout much of 2025, Roman warned of an impending bull-market collapse, with RSI in particular giving bearish signals on longer timeframes.

The bear flag was not lost on the wider crypto trading community, meanwhile, with Ted Pillows drawing comparisons to price action from 2022.


Bitcoin bulls fight to preserve relief bounce

In the short term, others saw modest signs of improvement.

Related: Bitcoin due 2026 bottom as exchange volumes grind lower: Analysis

Trader Luca noted that on the daily chart, price was now above Bitcoin’s bull market support band.

BTC/USD one-day chart. Source: Luca/X


Formed from the 21-period simple moving average (SMA) and 20-period exponential moving average (EMA), the support band often features as a safety net during bull-market corrections.

“If the price can manage to bounce off this support band, then the mid-term outlook will become decisively bullish again,” Luca told X followers Thursday.

BTC/USD is currently attempting its fourth daily candle close above the support band, per data from Cointelegraph Markets Pro and TradingView. This would be its longest stint above since early October.

BTC/USD one-day chart with bull market support band. Source: Cointelegraph/TradingView

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.


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