Bitcoin's bear flag pattern suggests a potential drop to $67,000, while weakening spot and ETF demand is limiting upside momentum. Analysts note that BTC failed to break above the $93,000 annual opening price, facing resistance around $92,000–$98,000. The bear flag formation on the daily chart indicates a possible 25% decline if support at $90,000 breaks.

Spot buying urgency has declined, with the Cumulative Volume Difference (CVD) turning negative, indicating increased selling pressure and weakened buyer confidence. Bitcoin spot ETFs also saw significant outflows, with $60.48 million withdrawn recently, reflecting cautious investor sentiment.

Despite some analysts predicting a potential bottom near $74,000–$77,000, current market conditions—including macroeconomic uncertainty and reduced institutional demand—suggest continued near-term bearish pressure. Technical indicators like MACD and RSI show cooling from extreme oversold conditions but remain in a downward trend.

<div class="post-meta post__block post__block_post-meta" data-v-ae253174><div class="post-meta__author"><div class="post-meta__author-image"></div><span lang="en" data-testid="meta-author-name" class="post-meta__author-name text-sm inline-block text-text-invertedWeak"> Nancy Lubale </span></div><div class="inline-block leading-5 align-middle"><time datetime="2025-12-10T08:00:38.000Z" data-gtm-locator="publication_date" data-testid="publication-date" class="text-xs sm:text-sm inline-block text-fg-updatedMuted"> 26 seconds ago </time></div></div><h1 class="post__title" data-v-ae253174> Bitcoin's "Bear Flag Pattern" Targets $67,000 as BTC Spot Demand Declines </h1><div class="post__block post__block_lead-text" data-v-ae253174><p itemprop="description" class="post__lead text-fg-default" data-v-ae253174> The absence of new buyers and weakening ETF demand are key factors limiting Bitcoin's (BTC) price from breaking above the $93,000 level, while bear flag pattern analysis suggests the price could drop towards $67,000. </p></div><div class="post-cover post__block post__block_cover" data-v-ae253174><div class="post-cover__wrp overflow-hidden rounded-lg"><div class="lazy-image post-cover__image lazy-image_immediate"><span class="pending lazy-image__pending pending_dark"><span class="pending__runner"></span></span><picture><source media="(min-width: 1200px)" srcset="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=717/https://s3.cointelegraph.com/uploads/2025-12/019b02de-38cf-79ae-a020-6f97dc91fe7d, https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2025-12/019b02de-38cf-79ae-a020-6f97dc91fe7d"><source media="(min-width: 992px)" srcset="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=587/https://s3.cointelegraph.com/uploads/2025-12/019b02de-38cf-79ae-a020-6f97dc91fe7d, https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1174/https://s3.cointelegraph.com/uploads/2025-12/019b02de-38cf-79ae-a020-6f97dc91fe7d"><source media="(min-width: 768px)" srcset="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=638/https://s3.cointelegraph.com/uploads/2025-12/019b02de-38cf-79ae-a020-6f97dc91fe7d, https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1276/https://s3.cointelegraph.com/uploads/2025-12/019b02de-38cf-79ae-a020-6f97dc91fe7d"><source media="(min-width: 480px)" srcset="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=747/https://s3.cointelegraph.com/uploads/2025-12/019b02de-38cf-79ae-a020-6f97dc91fe7d, https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1494/https://s3.cointelegraph.com/uploads/2025-12/019b02de-38cf-79ae-a020-6f97dc91fe7d"><div><img style="max-width:100%;overflow:hidden;" src="https://d1x7dwosqaosdj.cloudfront.net/images/2025-12/1c5760c209ce4dbfb4a022756460a9b5.jpg" alt=""></div></source></source></source></source></picture></div><span hidden="hidden" class="post-cover__badge"> Market Analysis </span></div></div><div class="post__content-wrapper with_margin" data-v-ae253174><div class="post-content relative post-content_margin no-small-text" data-v-ae253174><p>Analysts point out that Bitcoin's price trend has formed a bearish continuation pattern on the daily chart, which could push BTC's price to new lows.  </p><p data-ct-non-breakable="undefined"><strong>Key Points:</strong></p><ul><li><p>The sharp decline in spot purchases and persistent weakening of ETF demand indicate limited upside potential.</p></li><li><p>The bear flag pattern on BTC's daily timeframe predicts a price target of $67,000.</p></li></ul><h2><strong>BTC Price Could Bottom Around $66,000</strong></h2><p>The BTC/USD trading pair has formed a bear flag pattern on the daily chart, as shown below. This bear flag pattern emerged after Bitcoin retreated from its November 11 high of $107,000, with the recent rebound encountering resistance around the flag's upper boundary near $93,000.  </p><p>If the daily candle closes below the flag's lower boundary of $90,000, it could open a downward channel towards the pattern's measured target of $67,380, approaching the 2021 price peak. This would imply a drop of approximately 25% from the current price.  </p><figure>    <div><img style="max-width:100%;overflow:hidden;" src="https://d1x7dwosqaosdj.cloudfront.net/images/2025-12/e0b3ff8ebc234a479c27ba661cab8ba4.jpg" alt=""></div><figcaption style="text-align: center;"><em>BTC/USD Daily Chart. Source: Cointelegraph/</em> <em>TradingView</em>  </figcaption></figure><p data-ct-non-breakable="undefined">Trader Roman stated in a Tuesday X platform post: "The MACD and RSI indicators were in extreme oversold conditions, allowing them to cool off and enabling us to continue the downward trend," referring to BTC's consolidation process within the flag.  </p><p data-ct-non-breakable="undefined">Pseudonymous analyst Colin Talks Crypto indicated that although a downward trend is expected after the flag pattern is validated, the $74,000-$77,000 range is "very likely to become the final bottom," adding:  </p><blockquote data-ct-non-breakable="undefined">"If this level is reached, I anticipate a strong rebound."  </blockquote><p data-ct-non-breakable="undefined">Meanwhile, cryptocurrency trader Aaron Dishner believes that BTC's price may retest $92,000, then approach $98,000 below the upper bear flag line, before continuing its downward trend.  </p><blockquote>"Trading volume remains too weak to drive higher prices."  </blockquote><blockquote class="twitter-tweet"><p lang="en" dir="ltr">1/ Bitcoin almost tested its first resistance fan level yesterday<br><br>It remains inside its bear flag and likely to revisit support near $86k–$87k<br><br>If Bitcoin pumps it faces resistance at $92,216 then near $98k under the upper bear flag line<br><br>Volume remains too weak to drive higher… pic.twitter.com/choWsb94Cz</p>— Aaron Dishner (@MooninPapa) December 9, 2025</blockquote><p>As previously reported by Cointelegraph, BTC has failed to successfully retest the annual opening price above $93,000 due to macroeconomic uncertainty,清算 events, and stagnant spot ETF fund flows, leading traders to withdraw from the BTC market.  </p><h2>BTC<strong>May Decline Due to Weakening Demand</strong></h2><p>BTC's ability to break above the full-year opening price of $93,000 appears limited, primarily due to a lack of buyer participation in the market.  </p><p>Bitcoin's spot Cumulative Volume Delta (CVD) indicator (used to measure the net difference between buy and sell trading volumes) shows that even after BTC's recent rebound, net spot purchases on exchanges remain negative.  </p><p data-ct-non-breakable="undefined">Glassnode noted in its latest market pulse report that BTC's spot CVD further declined from -$40.8 million to -$111.7 million over the past week, "clearly pointing to stronger potential selling pressure," the report further explained:  </p><blockquote data-ct-non-breakable="undefined">"This sharp decline clearly indicates that aggressive selling is increasing, suggesting weakened buyer confidence and a clear short-term market sentiment leaning towards bearish."  </blockquote><figure>    <div><img style="max-width:100%;overflow:hidden;" src="https://d1x7dwosqaosdj.cloudfront.net/images/2025-12/336021bbaca347f4aaa64ea15a82026c.jpg" alt=""></div><figcaption style="text-align: center;"><em>Bitcoin Spot CVD. Source: Glassnode</em>  </figcaption></figure><p>The market intelligence provider stated that spot Bitcoin ETF demand significantly slowed last week, with fund inflows of $1.342 billion sharply reversing to outflows of $7.073 billion, further explaining:  </p><blockquote data-ct-non-breakable="undefined">"This shift clearly reflects the phenomenon of profit-taking or weakened institutional demand, indicating that investors are adopting a more cautious attitude when reassessing holdings."  </p></blockquote><p>According to Farside Investors data, these investment products experienced another $60 million outflow on Monday alone.  </p><blockquote class="twitter-tweet"><p lang="en" dir="ltr">🇺🇸 ETF FLOWS: ETH, SOL and XRP spot ETFs saw net inflows on Dec. 8, while BTC spot ETFs saw net outflows.<br><br>BTC: - $60.48M<br>ETH: $35.49M<br>SOL: $1.18M<br>XRP: $38.04M pic.twitter.com/L4yMudTt3G</p>— Cointelegraph (@Cointelegraph) December 9, 2025</blockquote><p>As Cointelegraph previously reported, BTC's recent rebound may be a bull trap, with some market analysts even predicting that BTC's price could drop to as low as $40,000 in the coming months.  </p><p>Related Recommendation: Bitcoin's Hash Ribbon Indicator flashes "buy" signal at $90,000 level: Will BTC price rebound?</p>
</div><div class="post-disclaimer post__block post__block_disclaimer md:ms-[74px]" data-v-ae253174><div class="post-disclaimer__body"><p> 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 decisions. Although 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 is not responsible for any losses or damages resulting from reliance on this information. </p></div></div><div class="post__separator-line" data-v-ae253174></div><div class="tags-list post__block post__block_tags" data-v-ae253174><ul class="tags-list__list"><li class="tags-list__item"><span class="tags-list_hash-sign">#</span>Bitcoin </li><li class="tags-list__item"><span class="tags-list_hash-sign">#</span>Cryptocurrency </li><li class="tags-list__item"><span class="tags-list_hash-sign">#</span>Bitcoin (BTC) </li><li class="tags-list__item"><span class="tags-list_hash-sign">#</span>Market </li><li class="tags-list__item"><span class="tags-list_hash-sign">#</span>Price Analysis </li><li class="tags-list__item"><span class="tags-list_hash-sign">#</span>Market analysis </li><li class="tags-list__item"><span class="tags-list_hash-sign">#</span>Bitcoin ETF </li><li class="tags-list__item"><span class="tags-list_hash-sign">#</span>ETF </li></ul></div><div class="adslot-after-article relative" style="--aspect-ratio:null;" data-v-ae253174></div><div class="post__separator-line" data-v-ae253174></div><div class="post__reactions reactions_3eiuR" data-v-ae253174><button class="reactions--button_NhAhG"><svg width="20" height="20" viewbox="0 0 20 20" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M17.5 2.5V0.416667C17.5 0.186548 17.3134 0 17.0833 0H16.25C16.0199 0 15.8333 0.186548 15.8333 0.416667V2.5H13.75C13.5199 2.5 13.3333 2.68655 13.3333 2.91667V3.75C13.3333 3.98012 13.5199 4.16667 13.75 4.16667H15.8333V6.25C15.8333 6.48012 16.0199 6.66667 16.25 6.66667H17.0833C17.3134 6.66667 17.5 6.48012 17.5 6.25V4.16667H19.5833C19.8134 4.16667 20 3.98012 20 3.75V2.91667C20 2.68655 19.8134 2.5 19.5833 2.5H17.5Z" fill="#303D43"></path><path d="M9.58332 4.16667C6.13154 4.16667 3.33332 6.96489 3.33332 10.4167C3.33332 13.8684 6.13154 16.6667 9.58332 16.6667C13.0351 16.6667 15.8333 13.8684 15.8333 10.4167V8.75C15.8333 8.51988 16.0199 8.33333 16.25 8.33333H17.0833C17.3134 8.33333 17.5 8.51988 17.5 8.75V10.4167C17.5 14.7889 13.9556 18.3333 9.58332 18.3333C5.21107 18.3333 1.66666 14.7889 1.66666 10.4167C1.66666 6.04441 5.21107 2.5 9.58332 2.5H11.25C11.4801 2.5 11.6667 2.68655 11.6667 2.91667V3.75C11.6667 3.98012 11.4801 4.16667 11.25 4.16667H9.58332Z" fill="#303D43"></path><path d="M7.08332 10.4167C7.77368 10.4167 8.33332 9.85702 8.33332 9.16667C8.33332 8.47631 7.77368 7.91667 7.08332 7.91667C6.39297 7.91667 5.83332 8.47631 5.83332 9.16667C5.83332 9.85702 6.39297 10.4167 7.08332 10.4167Z" fill="#303D43"></path><path d="M13.3333 9.16667C13.3333 9.85702 12.7737 10.4167 12.0833 10.4167C11.393 10.4167 10.8333 9.85702 10.8333 9.16667C10.8333 8.47631 11.393 7.91667 12.0833 7.91667C12.7737 7.91667 13.3333 8.47631 13.3333 9.16667Z" fill="#303D43"></path><path d="M6.18102 12.5C5.86965 12.极 5.67271 12.8279 5.85392 13.0811C6.68534 14.2429 8.04608 15 9.58365 15C11.1212 15 12.482 14.2429 13.3134 13.0811C13.4946 12.8279 13.2976 12.5 12.9863 12.5H6.18102Z" fill="#303D43"></path></svg><span class="reactions--button-text_N11-8"> Add Emoji </span></button></div><div><img style="max-width:100%;overflow:hidden;" src="https://d1x7dwosqaosdj.cloudfront.net/images/极5-12/dce5cf88cb7e43db93c067a1919ccda5.jpg" alt=""></div></div>

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