According to Aksel Kiber, the ongoing volatility drop of Bitcoin ($BTC) could result in a sheer directional move as seen in the historical movements.According to Aksel Kiber, the ongoing volatility drop of Bitcoin ($BTC) could result in a sheer directional move as seen in the historical movements.

Bitcoin Risks Bear Flag Breakdown as Volatility Falls Near $90K

bitcoin12 main

Bitcoin ($BTC), the leading crypto asset, is undergoing a significant shift in its market momentum. Particularly, Bitcoin’s ($BTC) volatility has slumped near $90K, raising concerns of a bear flag price pattern. As per the data from Aksel Kiber, CMT, amid the dropping volatility, the market members are keenly watching for the indication of a bearish continuation or a bottom. In this respect, the price action signifies a likely counter-trend shift that could be leading to a bear flag pattern.

Bitcoin Struggles to Reclaim Previous Heights Amid Bear Flag Concerns

The on-chain data points out that the drop in Bitcoin’s ($BTC) volatility has triggered speculations among the market participants. Thus, the top crypto asset is reportedly struggling to reclaim its higher price levels while standing significantly below the psychological barrier of $100K. As a result, the concerns over the likely bear flag price pattern are growing. So, the analysts point toward a potential continuation of the bearish momentum that could even lead to a bottom.

At the moment, Bitcoin ($BTC) is hovering around $90,220.17 in terms of price. This displays a 2.57% dip over the recent twenty-four hours. Additionally, the market capitalization of the leading cryptocurrency has also plunged by 2.6%, reaching $1.79T. Subsequently, the weekly and monthly price performances of $BTC show 3.25% and 14.26% decreases.

BTC Sees Consolidation While Bear Flag Pattern Highlights Potential Drop to $80K

According to Aksel Kiber, the ongoing volatility drop of Bitcoin ($BTC) could result in a sheer directional move as seen in the historical movements. However, in line with the current context, a bearish setup is emerging amid the formation of a bear flag pattern. Particularly, the $80K is the likely target of this bearish slump. Thus, Bitcoin remains in a notably vulnerable consolidation period until a solid breakdown or breakout.

Market Opportunity
NEAR Logo
NEAR Price(NEAR)
$1,472
$1,472$1,472
-4,35%
USD
NEAR (NEAR) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

4 Web3 Games That Will Be on Serious Rotation This Fall

4 Web3 Games That Will Be on Serious Rotation This Fall

Pudgy Party, Pixels, EVE Frontier, and The Beacon headline fall’s web3 gaming season with strong communities, token rewards, and polished gameplay that keeps players engaged.
Share
Blockchainreporter2025/09/18 22:08
Tom Lee’s BitMine (BMNR) Raises $365M at $70 a Share to Expand Its Massive ETH Treasury

Tom Lee’s BitMine (BMNR) Raises $365M at $70 a Share to Expand Its Massive ETH Treasury

The post Tom Lee’s BitMine (BMNR) Raises $365M at $70 a Share to Expand Its Massive ETH Treasury appeared on BitcoinEthereumNews.com. BitMine Immersion Technologies (BMNR), chaired by Tom Lee, said Monday it now controls more than 2% of ether’s supply and raised $365 million to expand its holdings. The company announced this morning that its treasury, valued at $11.4 billion as of Sept. 21, consists of 2,416,054 ETH at $4,497 per token, 192 bitcoin BTC$108,783.53, $345 million in cash and a $175 million equity stake in Eightco Holdings. BitMine described itself as the world’s largest public holder of ether and the second-largest crypto treasury overall, trailing only Michael Saylor’s Strategy Inc. (MSTR). BitMine is chaired by Tom Lee, who is also head of research at Fundstrat and chief investment officer at Fundstrat Capital. Lee said the company is pursuing what he calls the “alchemy of 5%,” aiming to accumulate 5% of the total ETH supply. “Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum,” Lee said. Raising funds to grow the treasury A few hours later, BitMine announced a securities purchase agreement with an institutional investor covering 5.2 million shares of common stock at $70 per share — about 14% above its Sept. 19 close — along with warrants for up to 10.4 million additional shares at $87.50. The offering is expected to raise $365 million in gross proceeds, with the warrants potentially adding another $913 million, bringing total potential proceeds to about $1.28 billion. Lee said the primary use of funds would be to expand BitMine’s ether holdings, calling the premium pricing “materially accretive” to existing shareholders. BitMine added that institutional demand reflected growing interest in ethereum as Wall Street integrates blockchain into financial infrastructure. As of 11:13 a.m. ET, BMNR shares were trading around $55.79, down 9% on the day,…
Share
BitcoinEthereumNews2025/09/23 07:04
Samsung To Unveil New AI-Connected Living Lineup at CES 2026

Samsung To Unveil New AI-Connected Living Lineup at CES 2026

Company introduces AI-powered appliances designed to deliver smarter living by enhancing fabric care, air conditioning and cleaning Highlighted models include upgraded
Share
AI Journal2025/12/18 09:16