PANews reported on December 12th that, according to market analyst Roman, Bitcoin's current price action has formed a bearish flag pattern, with a target price of $76,000, and could even fall to $50,000. Since rebounding from a recent low of around $80,000, Bitcoin's price has been fluctuating within an upward channel, but has failed to break through key resistance, indicating a lack of upward momentum in the market.

Roman points out that Bitcoin surged 750% from its bear market bottom of $15,600 in 2022, suggesting the current bull market may be over and advising investors to prepare for the next bull run. He also notes that technical indicators such as the Relative Strength Index (RSI) are releasing bearish signals in the long term.

On the other hand, trader Luca believes that Bitcoin still has potential in the short term, with its price currently above the bullish support zone. If it can successfully hold the support zone and rebound, the medium-term outlook may turn bullish again.