BTC Price has now broken below the lower boundary of the bear flag. What’s interesting is that we saw an almost identical fractal at the beginning of the year. Back then, BTC formed a bear flag after an impulsive move lower, broke down from the structure, and eventually went on to correct by roughly 38%. We’re now seeing a very similar setup develop once again. If this pattern continues to play out the same way it did a few months ago, it would imply a move toward the $50k region before a more meaningful bottom can form.(Max Trades)