A bear flag pattern on Bitcoin’s 4-hour chart suggests a potential drop to $97,000 if support at $104,800 fails.
Traders warn that losing key levels at $100K and $92K could trigger a deeper correction toward $85,000.
Bitcoin (BTC) is under pressure after a sharp 11% drop from its $111,000 all-time high, with analysts warning of a potential decline to $97,000—or lower—if critical support zones fail. Amid rising trade tensions and bearish chart patterns, June could be a defining month for BTC price action.
Bear Flag Signals Potential Drop to $97K
A classic bear flag pattern has emerged on Bitcoin’s four-hour chart, typically seen as a bearish continuation signal. After bottoming out near $103,100 on May 31, BTC began consolidating in a parallel channel, retesting the lower boundary of the flag throughout the weekend. If BTC breaks below $104,800, analysts project a further decline toward $97,690, calculated from the height of the flagpole.
Technical indicators align with this bearish outlook. The relative strength index (RSI) sits at 44, suggesting that downward momentum remains dominant. If the current structure breaks, the next likely support lies around the 200-day simple moving average near $97,600.
$100K and $92K: Critical Levels for Traders
According to market analyst Daan Crypto Trades, Bitcoin’s mid-range support at $99,600 and resistance at $108,000 are pivotal levels for early June. A breakout above $108K could trigger a rally back to $111,900, but any failure to hold $99,600 might drag BTC down to the 200-day average.
$BTC My plan for the month ahead 👇
— Daan Crypto Trades (@DaanCrypto) June 1, 2025
ith eyes on this strong monthly statistic, I am looking for either of these two scenarios. Drawings are a rough estimate, obviously the moves can go lower or higher, it's more about the idea than the precise levels for now.
I think there's a… https://t.co/eAhQA1njgY pic.twitter.com/CHT6pcTiSd
Another analyst, AlphaBTC, echoed these concerns, warning that a breakdown could extend into the second week of June. He emphasized the $92,000 yearly opening level as a key support. If this level fails, BTC could drop further, potentially hitting $85,000.
Market Uncertainty as Monthly Trends Diverge
While Bitcoin closed May with an 11% gain, historical data shows June tends to be volatile, averaging a slight 0.3% loss. As tariff-related tensions weigh on investor sentiment, traders remain cautious. With no strong directional bias, many analysts are taking a neutral stance, opting to “remain nimble” and react to market signals.
Also Read: Silk Road Founder’s 300 Bitcoin Windfall Raises Eyebrows, But Not a Self-Donation, Says ZachXBT
As June unfolds, Bitcoin’s price trajectory hinges on whether it can defend the $100K and $92K levels. A breach below these marks could validate the bear flag and confirm a deeper correction in the weeks ahead.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
