Bitcoin Price Prediction: Bull Flag or Bear Trap? What the Charts Say

Bitcoin is approaching a critical technical level that could determine whether its recent rally marks the start of a genuine trend reversal, according to Verified Investing chief market strategist Gareth Soloway. The analyst laid out both the bullish and bearish case using chart structure and historical cycle comparisons.

Why This Isn’t a Confirmed Bull Market Yet

Despite the rally, Soloway was clear that Bitcoin has not technically confirmed a new bull market. The issue is that price has not yet broken above its prior pivot high near $82,865, with the recent rally topping out around $82,300. Until that level is cleared, Bitcoin remains in a pattern of lower highs and lower lows, the technical definition of a downtrend, according to Soloway.

What’s Capping the Rally

Soloway identified two separate bear flag trend lines from earlier price action that, when extended forward, converge right around where the current rally has stalled. He described the alignment as coincidental but notable, calling it the technical reason the rally has been “capped” for now. He was careful to note this doesn’t rule out a breakout, and said recent price action has looked “very, very good” overall.

What a Higher High Would Signal