Bitcoin suddenly hit with risk of crashing to $70,000

As Bitcoin (BTC) stabilizes around the $90,000 mark, technical indicators suggest the asset is likely to see a correction toward the $70,000 area. This outlook comes from cryptocurrency analyst Ali Martinez, who highlighted a 12-hour chart showing Bitcoin consolidating in a tightening formation resembling a bearish flag, an indicator often linked to continued downside after a major drop.  In a December 9 X post, he noted that the pattern emerged following Bitcoin’s sharp pullback from recent highs, with repeated failures to break past the mid-$90,000 resistance. Bitcoin price analysis chart source: https://finbold.com/bitcoin-suddenly-hit-with-risk-of-crashing-to-70000/