PANews, November 24 news, according to well-known encryption analyst Ali's analysis, Bitcoin has shown 5 sell signals in the past month.
First of all, since January 2022, the monthly MACD of Bitcoin $BTC has turned bearish for the first time.
In addition, the 50-day moving average on the daily chart has crossed below the 200-day moving average, forming a âdeath cross.â
Bitcoin has also lost support at the 50-week moving average, a level that historically often indicates a significant pullback.
At the same time, the SuperTrend indicator on the weekly chart has issued a sell signal, which has long-term reliability in trend reversals.
In addition, the TD Sequential indicator on the dual-month line has also issued a sell signal for Bitcoin, with the last two similar signals triggering adjustments of 78% and 32%, respectively.
If Bitcoin further retraces, key support levels may be at $75,740, $56,160, and $52,820.
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