Bitcoin Bear Flag INVALIDATED?! Bulls Are Taking Control?

Added: 2026-05-12

[00:00:00]What is up and welcome to another video.

[00:00:02]First of all, congratulations to the YouTube community. If you want to get exclusive updates, I have shared today one trade saga trade. This was the uh actual short chart that was shared in our YouTube community and we have hit the target today. This is 26% from the initial long entry point. So, before we talk about Bitcoin, before I give you the Bitcoin update, a quick disclaimer.

[00:00:31]So, all charts in CA are for educational purposes only and should not be considered as a financial advice. So, let's go back and check out the Bitcoin's price, guys. So, Bitcoin right now is trading at around $81,600 and the question now is is this bear flag invalidated or is this still in play? So, what you can see, I have drawn a possible price action here and I have explained this on my previous video. I told you that Bitcoin could probably wick up to the $85,000. And in my opinion, majority of the late long positions will likely get trapped if Bitcoin will follow my predicted price action, but again, nothing is guaranteed. I could be wrong on my analysis, but if you're going to look at the weekly time frame, Bitcoin right now is on this middle zone or the resistance zone. If this oscillator chart prime oscillator pro, one of the best paid indicator in the market. You want to take advantage of chart prime, guys, you can get up to 7 days risk-free trial. You can cancel it if you don't like it, but in my opinion, this is one of the best paid indicator in the market. So, Bitcoin or the chart prime oscillator right now is trying to break above zero and if this oscillator will flip the middle zone into a support, then there is a chance that this bear flag will be invalidated and the price would continue to pump probably up to the $91,000. Again, $91,000 is possible if the oscillator will flip this zero level into a support. We have a small bullish divergence that is playing out. I'm I was expecting a possible rejection on this middle zone.

[00:02:12]So, let's watch out for the weekly candle close, guys. So, this opens yesterday weekly candle opened yesterday.

[00:02:21]And if the weekly candle closes above the previous candle close above 82,000 500, then that would be a first confirmation that the price would probably continue to move higher. Now, we can have our first confirmation on the daily time frame. Let's see if the daily candle will close above 82,500.

[00:02:46]If that is going to happen, then Bitcoin will likely retest this target right here, $85,000.

[00:02:54]This is a strong resistance level here.

[00:02:57]This was the previous support or S&R level for a Bitcoin. As what you can see, we have a beautiful support on this level, guys, $85,000.

[00:03:06]This will act as a short-term resistance for Bitcoin. So, that is why I'm expecting a wick probably up to $85,000 because we have a strong resistance on this level. And if Bitcoin will flip this into a support, then this bear flag will be invalidated and probably a super cycle is going to happen. So, right now, I'm sticking with my analysis.

[00:03:31]In my opinion, we are still in a bear market. If you're going to zoom out, a Bitcoin is still on this level. We are not yet safe. Bitcoin could still drop back to the 50,000, even up to the 40,000 level. So, in my opinion, this bear flag is still in play. We just have to wait for a confirmation. Again, we need to change our strategy if a Bitcoin flips the uh resistance level into a support. So, I'm going to continue to update you guys on this channel. And if you are part of our uh YouTube community, you will get exclusive live updates from me. So, thanks so much uh for joining me today.

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[00:04:34]Thank you so much for joining me today, guys. Let me know your thoughts about this Bitcoin chart. Do you think this bear flag is still in play, or do you think Bitcoin will retest the 90,000 level? Want to hear from you. Drop your thoughts in the comment section down below. I'll see you guys on the next one. Bye.