coin-img-ETHETH+6.41%coin-img-BTCBTC+1.92%coin-img-UCNUCN+0.40%coin-img-SOLSOL+3.17%coin-img-XRPXRP+0.15%coin-img-USDCUSDC+0.02%coin-img-ADAADA+6.35%coin-img-DOGEDOGE+3.56%coin-img-ETHETH+6.41%coin-img-BTCBTC+1.92%coin-img-UCNUCN+0.40%coin-img-SOLSOL+3.17%coin-img-XRPXRP+0.15%coin-img-USDCUSDC+0.02%coin-img-ADAADA+6.35%coin-img-DOGEDOGE+3.56%coin-img-ETHETH+6.41%coin-img-BTCBTC+1.92%coin-img-UCNUCN+0.40%coin-img-SOLSOL+3.17%coin-img-XRPXRP+0.15%coin-img-USDCUSDC+0.02%coin-img-ADAADA+6.35%coin-img-DOGEDOGE+3.56%coin-img-ETHETH+6.41%coin-img-BTCBTC+1.92%coin-img-UCNUCN+0.40%coin-img-SOLSOL+3.17%coin-img-XRPXRP+0.15%coin-img-USDCUSDC+0.02%coin-img-ADAADA+6.35%coin-img-DOGEDOGE+3.56%
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Scott Matherson

Bitcoin Rally Risks Reversal Near $96,000 With Downside Toward $74,000

Bitcoin has risen from below $90,000 to above $94,000 over the last few days. In a TradingView analysis, crypto analyst Xanrox says the move resembles a bear flag on the 12-hour and 1-day charts. He sees scope for an extension to $96,000 before a reversal, with a potential drop of over 25% toward the April 2024 swing low at $74,000.
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