NewsBTC •
May 29, 2026 at 00:20 •
Analysis
Bitcoin’s anticipated recovery above is looking increasingly bleak due to the formation of a bearish flag. The leading cryptocurrency has fallen further below $74,000 in the past 24 hours, and one analyst believes the latest move is only another stage in a much larger decline. Bitcoin is currently trading at $73,240, down about 3.2% on the day. That drop has made a bearish TradingView analysis by Xanrox more relevant, as the analyst had warned that Bitcoin could lose the lower region of its current structure and begin a wider move down to $44,000. Bitcoin’s Bear Market Structure Is 70% Complete According to an expert crypto analyst known as Xanrox on social media, Bitcoin’s bear market structure is about 70% complete. Xanrox’s prediction is built around the idea that...
