Bear Flag

Bitcoin’s rebound above $70,000 is running into a dense technical resistance zone that could challenge the latest bullish push. Short-term holders have also sent more than 44,300 BTC in profit to exchanges, increasing the risk of renewed selling pressure.

Zcash is attempting to recover inside a bearish continuation pattern after rejection near $650. Technical traders are watching the $580 to $600 area and the $450 to $470 support zone for the next decisive move.

Bitcoin is drawing fresh downside attention after a widely followed analyst said the chart is forming a bear flag. The setup could point to a move toward the mid-$50,000s if support fails, though pattern readings can prove wrong.