Bitcoin (BTC/USD) forming a second bear flag. $8500 drop soon?

There seems to be some very bearish patterns that bitcoin is forming this weekend. It is now creating a second bearish flag that if it stays within it's channel, we could see another drop. $8,500? I would monitor closely for the next 24 hours. Trade responsibly and this is just my opinion based on an observation pattern.

Target: 8,500