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Bitcoin 'Bear Flag,' Crypto Options Market Hint at Downside Risk

The hedging behavior of bitcoin market makers could exacerbate a price drop if there's a breakdown in the bearish chart pattern.

Updated May 11, 2023, 5:26 p.m. Published Jul 12, 2022, 2:48 p.m.
Emergence of a bear flag on bitcoin's daily chart suggests downside risk. (TradingView)
Emergence of a bear flag on bitcoin's daily chart suggests downside risk. (TradingView)