Bitcoin

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 <p class="paragraph">For all of the triumphs of 2024, Bitcoin (BTC) has lately been struggling to maintain any sort of positive momentum.&nbsp;</p>
 <p class="paragraph">Indeed, after tapping a new all-time high (ATH) at $73,000 in March, the world’s premier cryptocurrency has experienced a notable correction which – at the height of the Israel-Iran war scare – even saw if fall below $60,000.</p>
 <p class="paragraph">While the situation has somewhat stabilized since, and BTC managed several days of positive – if highly volatile – trading it is not only trading in the red again, but technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) reveals that an even greater pullback may be <a rel="noopener noreferrer nofollow" title="imminent" href="https://thebittimes.com/tag/imminent.html">imminent</a>.</p>
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 <h2 class="wp-block-heading" id="h-technical-<a rel=" dofollow title="Category Analysis" href="https://thebittimes.com/analysis.html" rel="noopener noreferrer nofollow">Analysis-reveals-likely-crash-for-bitcoin"&gt;Technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> reveals likely crash for Bitcoin</h2>
 <p class="paragraph">As of April 25, Bitcoin is facing two sell signals from two generally reliable technical indicators, per an <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> posted on X by the prominent crypto expert Ali Martinez.</p>
 <p class="paragraph">For starters, TD Sequential, a tool that uses past performance to identify a coming trend change – whether bullish or bearish – has flashed its own sell signal on the 12-hour chart on Thursday.</p>
 <p class="paragraph">Additionally, a death <a rel="noopener noreferrer nofollow" title="cross" href="https://thebittimes.com/tag/cross.html">cross</a> – a chart pattern that forms when an asset’s short-term moving average (MA) falls below a long-term MA – also appeared on the same Bitcoin price chart.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/rQbDu5w9q5zJvpwRnbTOSdD1HZw-rDXga0VPcmya1WCw8EtvrdscjwY8hb_zbT4MgHUx3ry4dNKtx-14xWoINbrPCqHlKlGXk8KX6a3-CvFRLlFbllqRLi04necQz08Qlok5aVPgS73kcJF8ZjbGmro" alt>
  <figcaption class="wp-element-caption">
   Death cross and TD Sequential sell signal on BTC 12-hour price chart. Source: @ali_charts
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 </figure>
 <p class="paragraph">Martinez concluded that should BTC’s price drop below $63,300 – a dangerously possible next move given the recent sharp downtrend and the press-time price of $63,827 – the world’s foremost cryptocurrency might find itself dropping to $59,000:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">Two sell signals were presented on the #Bitcoin 12-hour chart: A death <a rel="noopener noreferrer nofollow" title="cross" href="https://thebittimes.com/tag/cross.html">cross</a> between the 50 and 100 SMA and a red 9 candlestick from the TD Sequential. If $BTC falls below $63,300, brace for possible dives to $61,000 or even $59,000.</p>
 </blockquote>
 <h2 class="wp-block-heading" id="h-bitcoin-price-chart">Bitcoin price chart</h2>
 <p class="paragraph">Though Bitcoin’s most recent performance might be substantially below expectations – particularly in the wake of the halving and with the two sell signals in mind – the coin has, overall, been doing exceptionally well in the crypto market for much of 2024.</p>
 <p class="paragraph">Indeed, despite the April struggles, BTC remains 52.22% in the green year-to-date (YTD).</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/u2t_yudAveXvDM_FTrKteSUx_Za_IwY0CPeiMtXeUUWLVqE9DiKDYcZh3Baab540OtMDeQ4YiP5_DndtmqByIPnM_ZmjNXT75LRBoWEUOIPt3bTEaDxuF8uz65qZOc-UBD2uyVWvCXmoY9ojOuWQgt8" alt>
  <figcaption class="wp-element-caption">
   BTC quote with YTD price chart. Source: Finbold
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 <p class="paragraph">Still, there has been a substantial decline in the more recent time frames and BTC is in the red in the last 30 days – 10.17% – though it did manage a 3.57% climb on the weekly chart.&nbsp;</p>
 <p class="paragraph">Bitcoin price today, at press time, stands at $63,827 after a 3.77% drop in the last 24 hours of trading.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sell-alert-death-cross-hints-at-imminent-bitcoin-collapse-tbt86520.html">https://thebittimes.com/sell-alert-death-cross-hints-at-imminent-bitcoin-collapse-tbt86520.html</a></p>

Sell alert: Death cross hints at imminent Bitcoin collapse

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