‎Bitcoin (BTCUSD) Forms Bullish Flag Amid Bearish Pullback
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‎Bitcoin (BTCUSD) Forms Bullish Flag Amid Bearish Pullback

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Azeez Mustapha

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‎BTCUSD Market Analysis- June 26

‎Bitcoin forms a bullish flag amid a short-term pullback, signaling a potential breakout as the overall bullish trend remains firmly intact.

‎Bitcoin (BTCUSD) Key Levels

‎Support Levels: $87,900.00, $73,000.00
‎Resistance Levels: $109,100.00, $122,000.00

 ‎BTCUSD Forms Bullish Flag Amid Bearish Pullback

‎BTCUSD Long-Term Trend: Bullish

‎Bitcoin (BTCUSD) has maintained a broader bullish outlook after establishing a significant low in early April 2025. This bullish momentum propelled price above the $109,100 supply level, breaching the previous major high. However, the breakout was short-lived as BTCUSD faced immediate bearish pressure, triggering a temporary decline.

‎This retracement has developed into a bullish flag pattern, a classic bullish continuation setup. The pattern’s formation amid the current bearish momentum suggests that the ongoing pullback may be a pause before the next bullish leg resumes.

‎Adding strength to this outlook, the daily Relative Strength Index (RSI) is gradually rising toward the overbought region, signaling increased buying interest. This rising RSI indicates hidden bullish strength within the current pullback, supporting the probability of an impending bullish breakout.

 ‎BTCUSD Forms Bullish Flag Amid Bearish Pullback

‎BTCUSD Medium-Term Trend: Bearish

‎On the 4-hour timeframe, BTCUSD is experiencing a short-term downtrend as indicated by a descending trendline. Although price recently formed a bullish leg, this movement appears to be losing momentum. The 4-hour RSI has reached the overbought zone, suggesting a potential decline in bullish strength in the short term.

‎With this setup, a fresh bearish move may occur in the short term. However, caution is advised as the higher timeframe remains bullish. The current medium-term weakness may simply be part of a healthy retracement within the larger uptrend.

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