Flow

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-continues-to-climb-despite-sell-signal-indicators/" data-wpel-link="internal">Bitcoin Continues to Climb Despite Sell Signal Indicators</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/kripto-para-piyasasinda-denge-kuruldu-artis-devam-ediyor" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/dikkat-dolar-deger-kazanirken-bitcoinde-daha-buyuk-dusus-kapida-mi" data-wpel-link="internal">BTC</a>),</strong> continues its slow ascent towards its all-time high price levels. However, fundamental indicators are signaling a sell, suggesting that things might not be as perfect as they appear. Could this mean that <a href="https://en.coin-turk.com/anticipation-for-the-spot-bitcoin-etf-approvals-in-the-us/" data-wpel-link="internal">BTC</a> investors might have to wait longer to see the token reach a new all-time high?</p> 
<h2 id="bitcoin-shows-sell-signal">Bitcoin Shows Sell Signal</h2> 
<p style="text-align: justify">According to data from <strong>21milyon.com</strong>, BTC has seen an increase of over 5% in the last 24 hours, trading around $66,000. Additionally, popular crypto analyst Ali Martinez has pointed out a sell signal. In his analysis, the TD Sequential indicator on the 4-hour chart showed a sell signal for BTC. Since February 15th, each time this indicator suggested selling, BTC’s price dropped by 1.5% to 4.7%.</p> 
<p style="text-align: justify">Moreover, BTC’s fear and greed index recorded a value of 90, indicating high market greed. When the metric reaches this level, it could imply a high probability of a price correction. Experts have examined data from <strong>CryptoQuant</strong> to see if investors have already started selling BTC, as the mentioned measurements show a downward trend. According to their analysis, BTC’s net deposits on exchanges are high compared to the 7-day average.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-323201 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/bitcoinkork.webp" alt="" width="2048" height="649"></p> 
<h2 id="technical-indicators-for-bitcoin">Technical Indicators for Bitcoin</h2> 
<p style="text-align: justify">Higher deposits can be interpreted as higher selling pressure. The binary CDD of <strong>cryptocurrencies</strong> was trending downward, which means that the movements of long-term holders in the last seven days have been above average. This could create a negative impact if they moved for selling purposes. Additionally, the aSORP has also turned downward. This could indicate that more investors are selling for profit.</p> 
<p style="text-align: justify">In the midst of a bull market, this could indicate that the market has reached its peak. Furthermore, <a href="https://en.coin-turk.com/huge-bull-signal-in-bitcoin-happened-5-times-in-the-past-analyst-who-knows-many-times-provided-evidence/" data-wpel-link="internal">Bitcoin</a>‘s Relative Strength Index (RSI) being in the overbought territory could create selling pressure on the cryptocurrency. The Chaikin Money Flow (CMF) also recorded a decline, which could indicate a high probability of a price correction. However, the MACD continued to show a bullish advantage in the market, suggesting buyers are still in favor.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-continues-to-climb-despite-sell-signal-indicators/" data-wpel-link="internal">Bitcoin Continues to Climb Despite Sell Signal Indicators</a></h5>

Bitcoin Continues to Climb Despite Sell Signal Indicators

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