Flow

2024

Bitcoin

Spot

BTC, which rose above $48,000 after the Spot Bitcoin ETF approval and opening for trading, encountered a selling pressure here and fell to $45,000.
While investors expect further rises in BTC after the ETF approval, popular cryptocurrency analyst Ali Martinez said that Bitcoin is in a downward trend.
At this point, the analyst examining Bitcoin's Inter-Exchange Flow Pulse (IFP) Indicator pointed out that this indicator fell below its 90-day average.
Stating that this decline historically indicates a downward trend in the Bitcoin and crypto market, Martinez warned investors.
<blockquote>
 “Could we see a top for Bitcoin?
 The Inter-Exchange Flow Pulse (IFP), which tracks BTC flows between various trading platforms, has fallen below the 90-day average.
 Historically, this decline generally indicates a bearish trend in the Bitcoin and crypto market!”
</blockquote>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Could we be seeing a market top for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>?
 The Inter-exchange Flow Pulse (IFP), which tracks <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> flows between various trading platforms, has just fallen below its 90-day average. Historically, this shift often signals a bearish turn in the <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a> market! <a href="https://t.co/ohkaKHP7ZO" rel="noopener noreferrer nofollow">pic.twitter.com/ohkaKHP7ZO</a>
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1745741843281698946?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 12, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Even though this indicator gives a decline signal, do not make your investment decisions based on a single data or signal. These indicators and data are helpful data that have a margin of error and have never been proven to be 100% accurate.
Make your investment decisions based on your own research.
Bitcoin continues to trade at $46,077 at the time of writing.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/experienced-analyst-warned-investors-this-indicator-gives-a-fall-signal-in-bitcoin/" rel="noopener noreferrer nofollow">Experienced Analyst Warned Investors: "This Indicator Gives a Fall Signal in Bitcoin!"</a>

Experienced Analyst Warned Investors: "This Indicator Gives a Fall Signal in Bitcoin!"

Bitcoin Sistemi EN

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