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This is no longer a bear flag.
The duration has gone on for too long now.
Previously, after 70 days, Bitcoin was breaking down out of the flag and had tagged fresh lows. Funding was still positive and Coinbase premium deeply negative.
Today, after 70 days, Bitcoin is breaking above the 6 months trend and holding it for several days now. Funding is negative and Coinbase premium nicely positive.
These are completely different ranges telling you completely different things.
The previous one has a very weak base with no real demand.
This one has lots of demand and is holding.
The fact we have not heavily dropped after rejecting off of the $75k level says a great deal.
Bitcoin keeps bouncing back up.
It's really looking like we're going to break this range.