PANews reported on November 24 that, according to renowned crypto analyst Ali, Bitcoin has shown five sell signals in the past month. First, for the first time since January 2022, the monthly MACD for Bitcoin (BTC) has turned bearish. In addition, the 50-day moving average on the daily chart has crossed below the 200-day moving average, forming a "death cross". Bitcoin also fell below its 50-week moving average support, a level that historically often foreshadows a significant pullback. Meanwhile, the SuperTrend indicator on the weekly chart is issuing a sell signal. This indicator has long-term reliability in terms of trend reversals. In addition, the TD Sequential indicator on the two-month chart has also issued a sell signal for Bitcoin, with the two previous similar signals triggering corrections of 78% and 32%, respectively. If Bitcoin retraces further, key support levels may be at $75,740, $56,160, and $52,820.PANews reported on November 24 that, according to renowned crypto analyst Ali, Bitcoin has shown five sell signals in the past month. First, for the first time since January 2022, the monthly MACD for Bitcoin (BTC) has turned bearish. In addition, the 50-day moving average on the daily chart has crossed below the 200-day moving average, forming a "death cross". Bitcoin also fell below its 50-week moving average support, a level that historically often foreshadows a significant pullback. Meanwhile, the SuperTrend indicator on the weekly chart is issuing a sell signal. This indicator has long-term reliability in terms of trend reversals. In addition, the TD Sequential indicator on the two-month chart has also issued a sell signal for Bitcoin, with the two previous similar signals triggering corrections of 78% and 32%, respectively. If Bitcoin retraces further, key support levels may be at $75,740, $56,160, and $52,820.
Analyst Ali: If BTC retraces further, watch for support levels at $75,740, $56,160, and $52,820.
PANews reported on November 24 that, according to renowned crypto analyst Ali, Bitcoin has shown five sell signals in the past month.
- First, for the first time since January 2022, the monthly MACD for Bitcoin (BTC) has turned bearish.
- In addition, the 50-day moving average on the daily chart has crossed below the 200-day moving average, forming a "death cross".
- Bitcoin also fell below its 50-week moving average support, a level that historically often foreshadows a significant pullback.
- Meanwhile, the SuperTrend indicator on the weekly chart is issuing a sell signal. This indicator has long-term reliability in terms of trend reversals.
- In addition, the TD Sequential indicator on the two-month chart has also issued a sell signal for Bitcoin, with the two previous similar signals triggering corrections of 78% and 32%, respectively.
If Bitcoin retraces further, key support levels may be at $75,740, $56,160, and $52,820.
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