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Bitcoin Price Action After Bear Flag Break

A Bear Flag setup in the cryptocurrency realm constitutes a bearish continuation pattern - this market signal indicates that the prevailing Bitcoin trend is pausing temporarily before recommencing its established downward trajectory in the crypto market.

If the Bear Flag downward continuation pattern forms it signals that the btcusd crypto market is taking a pause/break before resuming the current downwards trend. Bear Flag continuation setup in a crypto downward bitcoin trend is referred to as a falling flag which signals that the bitcoin price is consolidation but keeps moving lower and lower forming a pattern that looks like a falling flag. Bitcoin Traders should pause and wait for a confirmation signal of the Bear Flag cryptocurrency setup before opening a trade transaction based on this bearish continuation chart pattern. Once there is a bitcoin price breakout to the downside then Bear Flag continuation chart pattern is confirmed & bitcoin prices will then continue to move in direction of the ruling downward market trend.

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