Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-investors-cautioned-as-whales-and-technical-indicators-suggest-volatility" rel="noopener noreferrer nofollow">Bitcoin Investors Cautioned as Whales and Technical Indicators Suggest Volatility</a><br></p>
<p style="text-align: justify">Crypto analyst Ali Martinez has issued a caution to <a href="https://en.bitcoinhaber.net/bitcoins-triple-price-rsi-divergence-signals-potential-surge-says-analyst-peter-brandt" rel="noopener noreferrer nofollow">Bitcoin</a> investors regarding the latest observations in whale activity and <a href="https://en.bitcoinhaber.net/cryptocurrency-market-highlights-santos-mav-and-auction-price-targets" rel="noopener noreferrer nofollow">technical analysis</a> indicators. Martinez, drawing from data by Santiment, has signaled a substantial uptick in profit-taking from Bitcoin whales, who have offloaded over 80,000 BTC within three days, translating to a value of roughly $4.8 billion. This significant whale action suggests potential market impacts that investors should watch closely.</p>
<h2 id="intensified-whale-selling-pressures-bitcoin-market">Intensified Whale Selling Pressures Bitcoin Market</h2>
<p style="text-align: justify">The insight provided by Martinez extends beyond whale transactions, as he points to the Tom DeMark (TD) Sequential indicator on Bitcoin’s four-hour chart, which is currently flashing a robust sell signal. Since February 15th, this technical tool has been successful at forecasting Bitcoin price pullbacks ranging between 1.50% and 4.20%, implying that short-term traders should consider these predictions in their strategies.</p>
<h2 id="bitcoin-s-price-responds-to-technical-sell-signals">Bitcoin’s Price Responds to Technical Sell Signals</h2>
<p style="text-align: justify">Bitcoin’s value took a significant hit following the sell signal from the TD Sequential indicator, plummeting from around $64,000 to $60,585. Although it has since made a partial recovery to the $62,000 mark, this price volatility underscores the influence of technical analysis on market behavior and the necessity for traders to remain vigilant about such indicators for informed decision-making.</p>
<p style="text-align: justify">Despite recent fluctuating prices, Bitcoin has managed to sustain its momentum with a 19% increase over the past week and a surge of over 40% since the start of the year. As the most valuable <a href="https://en.bitcoinhaber.net/crypto-market-gears-up-for-a-promising-2024" rel="noopener noreferrer nofollow">cryptocurrency</a> by market capitalization, Bitcoin continues to captivate investor interest and maintain its prominence in the financial landscape.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-investors-cautioned-as-whales-and-technical-indicators-suggest-volatility" rel="noopener noreferrer nofollow">Bitcoin Investors Cautioned as Whales and Technical Indicators Suggest Volatility</a></h5>

Bitcoin Investors Cautioned as Whales and Technical Indicators Suggest Volatility

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