As the decline in the leading cryptocurrency Bitcoin continues to deepen, it is wondered how far the decline will go.
At this point, successful analyst Ali Martinez stated that two sales signals appeared on the Bitcoin chart and predicted that BTC could drop to $ 59,000.
At this point, the analyst stated that the TD Sequential indicator gave a sell signal with the death intersection occurring between the 50-day SMA and the 100-day SMA on the Bitcoin chart, and said that there may be declines between $61,000 and $59,000 and that these levels should be followed:
“Two sell signals were presented on Bitcoin on the 12-hour chart: a death cross between the 50 and 100 SMA and a red 9 candlestick from the TD Sequential.
If BTC falls below $63,300, be prepared for possible dives to $61,000 or even $59,000.”
Two sell signals were presented on the #Bitcoin 12-hour chart: A death cross between the 50 and 100 SMA and a red 9 candlestick from the TD Sequential.
If $BTC falls below $63,300, brace for possible dives to $61,000 or even $59,000. pic.twitter.com/24A3YtbgTb
— Ali (@ali_charts) April 25, 2024
Bitcoin Falls Below $63,000!
After data from the USA, Bitcoin fell below $ 63,000. According to Coinglass's data, with the decline that started last night, leveraged positions worth $256 million were liquidated in the last 24 hours.
Additionally, 96,732 investors became liquid in the last 24 hours.
*This is not investment advice.
