Bitcoin price analysis: What would activate the potential bull flag toward $84K-$86K?
Bitcoin is trading near $77,100 inside a mildly downward-sloping 1-hour regression channel. The structure resembles a bull flag following the surge from below $70,000 to $79,461, but the pattern is not active yet. Bulls still need a decisive breakout above the channel, while $75,700-$75,200 is the main invalidation zone.
Key takeaways for Bitcoin traders
Current structure: BTC is consolidating inside a downward 1-hour regression channel.
Potential pattern: The surge to $79,461 forms the possible flagpole, while the current channel forms the flag.
Bullish trigger: A decisive 1-hour close above the upper +2σ channel boundary, ideally supported by stronger…