Crypto Analyst Points Out Bitcoin Sell Signal That Could Be Triggered Today
The flagship cryptocurrency, Bitcoin, is fast approaching $31,000 following its gains over the weekend. Analyzing this price action, crypto analyst Ali Martinez has predicted Bitcoin’s future trajectory as he suggests that the bears could regain dominance soon enough. A Price Correction Imminent For Bitcoin In a post shared on his X (formerly Twitter) platform, Martinez noted the potential head-and-shoulders pattern that was forming on the Bitcoin daily chart following its upward trend. This chart pattern has always been considered bearish as it suggests that a trend reversal might be on....
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In the last few weeks, the sentiment around Bitcoin has turned around as bulls have pushed it past the $100,000 mark once again. Despite the recent drawdown, the BTC price is still bullish, with the market sentiment sitting in greed. However, a new development on the Bitcoin weekly chart could signal an end to the recent bullishness, just like it did back in 2022. Sell Signal From 2022 Reappears Back in 2022, large sell-offs triggered by the crash of the FTX crypto exchange brought an abrupt end to the Bitcoin bull market and plunged investors into months of despair as prices lagged.....
Crypto pundit Bull Theory has alluded to a Russell 2000 signal, which has always triggered every major Bitcoin bull market. This signal is again said to have triggered, signaling that another major bull run may be on the horizon. Russell 2000 Signal Points To Another Bitcoin Bull Market In an X post, Bull Theory stated […]
On-chain data shows the Bitcoin taker buy/sell ratio started showing a green signal shortly before the surge above $22k. Bitcoin Taker Buy/Sell Ratio Is Now Showing a “Buy” Signal As pointed out by an analyst in a CryptoQuant post, the BTC taker buy/sell ratio suggested a bounce not too long before the rally today. The […]
Crypto analyst Ali Martinez has cautioned that XRP may be approaching another downswing after the Tom DeMark (TD) Sequential flashed a fresh sell signal on the daily timeframe. In a new video and transcript shared alongside a TradingView chart of the Binance XRP/USDT perpetual contract, Martinez said, “XRP could be bound for a correction. The TD Sequential Indicator on the daily chart has been remarkably accurate in calling XRP’s trend reversals over the past three months, and it has just flashed another sell signal.” Is XRP Poised For A 16%+ Drawdown? Martinez anchored the call in a....
Crypto analyst Tice has pointed to a signal that has predicted every Bitcoin bottom in each bear cycle. Based on this, the analyst suggested that the flagship crypto may again be forming a bottom just as the price looks to break above the psychological $80,000 level. The Signal That Has Predicted Every Bitcoin Bottom Is Again Aligning In an X post, Tice said that the signal that has called every Bitcoin bottom in history has triggered again. He noted that in the 2014, 2018, and 2022 bear cycles, BTC was in a bear cycle for around 14 months before forming a bottom, with a price explosion....