emergencyBreaking NewsKim Tucker Tremblay’s Boston Marathon Run Targets $9,000 for Hopkinton Emergency FundMortgage Rates Dip as Global Tensions Ease, but 'Lock-In' Effect Inhibits RefinancingA three-month extension on margin rule compliance could prevent forced sell-offs in Bangladesh’s distressed marketFundstrat Predicts S&P 500 Target of 7,300 as Sector Repricing Limits Pullback DepthStrong corporate earnings and investor skepticism keep markets from collapsing during Middle East crisisKim Tucker Tremblay’s Boston Marathon Run Targets $9,000 for Hopkinton Emergency FundMortgage Rates Dip as Global Tensions Ease, but 'Lock-In' Effect Inhibits RefinancingA three-month extension on margin rule compliance could prevent forced sell-offs in Bangladesh’s distressed marketFundstrat Predicts S&P 500 Target of 7,300 as Sector Repricing Limits Pullback DepthStrong corporate earnings and investor skepticism keep markets from collapsing during Middle East crisis

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Home/Briefs/cryptocurrency

BriefApril 9, 2026 · 10:33 AM

Bitcoin's Breach of 2023 Support Levels Triggers Bearish Flag Pattern

Bitcoin's price has fallen below $71,000, breaking through the $74,304 support level that had held since April 2023. This breakdown marks a phase in the retreat from an all-time high of $126,200. The move has activated a bearish flag pattern on the three-day chart. This technical formation, defined by a sharp drop followed by a brief consolidation, historically precedes further downside. The price may now move toward the next major support zone at $60,000. A drop to that level would represent a 54% drop from the peak.

Charlie Montgomery

CryptocurrencyTechnical AnalysisMarket Volatility

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