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

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A breakdown – likely if the price finishes below the lower end of the flag at the end of a trading date – would imply that the broader downtrend is resuming, opening the doors for a retest of the recent low of $17,601. Below that, key support is seen at the psychological level of $15,000 and the June 2019 high of $13,880.