Plunge

2024

Bitcoin

<p>The post <a href="https://coinpedia.org/news/btc-price-poised-to-plunge-below-this-level-predicts-ali-chart/" rel="noopener noreferrer nofollow">BTC Price Poised To Plunge Below This Level – Predicts Ali Chart</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Renowned chart analyst ALi Chart has raised concerns for short-term traders as the TD Sequential indicator signals a sell on Bitcoin’s 12-hour chart. This warning comes after a consistent trend observed since early February, where every sell signal from the indicator has been followed by a price drop ranging from 1.6% to 3.5%.</p>
<h2 class="wp-block-heading" id="h-bitcoin-is-headed-for-a-dip">Bitcoin is headed for a dip</h2>
<p>In recent market research, the ALI chart uses the TD sequence indicator, which is a popular tool among traders to identify potential changes in trends, which currently flashes a sell signal at 12 hours BTC system.</p>
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   <p lang="en" dir="ltr">The TD Sequential indicator showed a sell signal for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> on the 12-hour chart!<br><br>Since early February, every time this indicator suggested selling, the price of <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> dropped by 1.6% to 3.5%. This trend is something short-term traders should watch closely! <a href="https://t.co/ppQ9ZLG076" rel="noopener noreferrer nofollow">pic.twitter.com/ppQ9ZLG076</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1767141133367288185?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 11, 2024</a>
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<p>Meanwhile, this could be an important signal for short-term traders, as historical data from early February shows that whenever this signal signals a sell-off, the <a href="https://coinpedia.org/news/coinbase-report-hints-price-drop-for-bitcoin-despite-new-all-time-high/" rel="noopener noreferrer nofollow">bitcoin price has dropped</a> between 1.6% and 3.5%.</p>
<p>Whenever the TD Sequential indicator marked a “9” or “13,” indicating overbought conditions and the possibility of a price reversal, he saw a sharp decline in the next price action</p>
<h2 class="wp-block-heading" id="h-btc-is-facing-a-20-fall">BTC is facing a 20% fall</h2>
<p>In line with Martinez’s prediction, another expert, Crypto Jelle, also predicts a short-term pullback for BTC, specifically predicting a 20% price correction as BTC surpasses its all-time high of $69,000 and Jelle admits that they’ll “go down the… road.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is about to break into new all-time highs.<br><br>There will be dips along the way — and it looks like this time around, there will be pullbacks of about 20%.<br><br>Survive them, or take advantage; just don't get shaken out. <a href="https://t.co/SFUtUaNiVu" rel="noopener noreferrer nofollow">pic.twitter.com/SFUtUaNiVu</a></p>— Jelle (@CryptoJelleNL) <a href="https://twitter.com/CryptoJelleNL/status/1764923333236207977?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 5, 2024</a>
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<p>Despite the caution, Jelle urges investors not to worry about the outcome but to make the most of the situation. He emphasized the importance of patience as a key attribute for success in the ever-evolving crypto space.</p>
<h2 class="wp-block-heading" id="h-bitcoin-price-action">Bitcoin Price Action</h2>
<p>Despite analyst-cautious sentiment, the price of Bitcoin is up 4% in the last 24 hours, <a href="https://markets.coinpedia.org/bitcoin/?_gl=1*govsyg*_ga*NTQzNDc3MzQ4LjE2OTcxODMzODc.*_ga_RE1GG3FGQW*MTcxMDEzMjc3OC4xMjYuMS4xNzEwMTc2NjcyLjM0LjAuMA.." rel="noopener noreferrer nofollow">hovering around $72,300</a>. Trading volume had surged 78.70% and now stands at $51.87 billion.</p>
<p>This significant increase in trading activity indicates increased interest and momentum in the cryptocurrency market, making the timing of the sell signal more relevant for investors and traders</p>

BTC Price Poised To Plunge Below This Level – Predicts Ali Chart

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