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FX.co ★ #Bitcoin M5: Bearish Flag

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Technical Analysis Patterns

2026-08-17T22:45:18
Signal strength 1 of 5

#Bitcoin M5: Bearish Flag

Bearish FlagThe Bearish Flag pattern has formed on the #Bitcoin M5 chart. Its lower boundary passes through 64235.63/64319.49, while its upper boundary passes through 64320.53/64404.39. The projected flagpole height is 19074 points. The formation indicates that the downtrend is likely to continue. A break below 64235.63 would confirm further downward movement.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by #Bitcoin