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Bitcoin at a critical juncture right now. The 84K-87K support zone is holding the line, but if it cracks, we're looking at a textbook bear flag scenario. Technical setup points lower—74K to 75K becomes the next major downside target.
This isn't just random speculation. The pattern is clear on the charts. Break below that upper support band, and the mechanics of the bear flag formation suggest the selling pressure could push us down another 10-15% from there. That's what the levels tell us.
Keep an eye on whether Bitcoin actually holds 84K when tested again. If not, traders should be prepared for that move down to the 74-75K range.