Technical Analysis Reveals Impending Bitcoin Crash Due to Death Cross and Sell Signal

Thursday, 25 April 2024, 10:29
Bitcoin, after hitting an ATH of $73,000, has faced a significant correction, leading to a potential collapse. Technical indicators, including the death cross and TD Sequential sell signal, suggest a further drop in BTC price. Despite the recent struggles, Bitcoin remains positive YTD but faces challenges in the short term.
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Technical Analysis Reveals Impending Bitcoin Crash Due to Death Cross and Sell Signal

Technical Analysis Reveals likely crash for Bitcoin

Bitcoin is facing two sell signals based on reliable technical indicators - TD Sequential and a death cross on the 12-hour chart. Crypto expert Ali Martinez predicts a potential drop to $59,000 if BTC falls below $63,300.

Bitcoin price chart

Bitcoin has shown significant declines in recent time frames but remains in the green YTD. The current price is $63,827 after a 3.77% drop in the last 24 hours of trading.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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