Bitcoin

Elon Musk

<div class="finbold">
 <p class="paragraph">Bitcoin (BTC) has garnered unprecedented attention from the crypto community recently, more so than is typically the case.</p>
 <p class="paragraph">The world’s foremost cryptocurrency recently saw the approval of the very first spot BTC exchange-traded funds (ETFs) in January, has been leading a multi-stage crypto market rally since October 2023, and is bound for its halving event in two months’ time.</p>
 <p class="paragraph">On top of these, the last few weeks saw Bitcoin surge and, despite a brief decline in the wake of the latest CPI report, cross above $1 trillion in market cap and above $52,000 per coin.</p>
 <p class="paragraph">Such a sudden rise caused many to wonder if the cryptocurrency can continue climbing to the halving itself – an event that historically saw massive increases in Bitcoin’s price – or if a correction, perhaps to as low as $36,000, is inbound.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picked for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    R. Kiyosaki predicts ‘gold is going to crash below $1,200’ <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    XRP attracts over $1 billion in bullish daily sprint <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    How much money does Elon Musk make a second? <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    New crypto opportunity at $0.03 for investors who missed SHIB and DOGE soar <span class="self-center text-xs text-slate-500">17 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">Why? On the morning of Thursday, February 15, a renowned crypto expert warned on X that a reliable technical indicator signaled a strong sell signal on BTC’s daily chart.&nbsp;</p>
 <h2 class="wp-block-heading" id="h-technical-nbsp-analysis-reveals-bitcoin-bound-for-a-correction">Technical&nbsp; analysis reveals Bitcoin bound for a correction</h2>
 <p class="paragraph">On February 15, the prominent cryptocurrency analyst Ali Martinez took to X to <a rel="noopener noreferrer nofollow" title="alert" href="https://thebittimes.com/tag/alert.html">alert</a> the community that a technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) tool called the TD Sequential is <a rel="noopener noreferrer nofollow" title="signal" href="https://thebittimes.com/tag/signal.html">signal</a>ing that the price of Bitcoin might soon start falling.&nbsp;</p>
 <p class="paragraph">In the same post, the expert highlighted that the indicator has, since December 2023, proved reliable when issuing buy or sell signals for the world’s foremost cryptocurrency.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">️ Warning! The TD Sequential presents a sell <a rel="noopener noreferrer nofollow" title="signal" href="https://thebittimes.com/tag/signal.html">signal</a> on #Bitcoin <a rel="noopener noreferrer nofollow" title="daily" href="https://thebittimes.com/tag/daily.html">daily</a> <a rel="noopener noreferrer nofollow" title="chart" href="https://thebittimes.com/tag/chart.html">chart</a>, anticipating a one to four <a rel="noopener noreferrer nofollow" title="daily" href="https://thebittimes.com/tag/daily.html">daily</a> candlesticks correction. Note that the buy and sell <a rel="noopener noreferrer nofollow" title="signals" href="https://thebittimes.com/tag/signals.html">signals</a> this indicator has shows since December 2023 have all been validated. pic.twitter.com/XQoP8TLvye</p>— Ali (@ali_charts) February 15, 2024
   </blockquote>
  </div>
 </figure>
 <p class="paragraph">TD Sequential is a technical analysis tool created by analyst Tom DeMark that uses past performance to identify possible trend reversals and trend continuations on various financial markets, including the stock market and the crypto market.</p>
 <p class="paragraph">It is noteworthy, however, that Bitcoin’s other technicals, including oscillators and moving averages, based on the coin’s one-day, weekly, and monthly performance, all rank it as either a ‘buy’ or a ‘strong buy’ at press time, per the data retrieved from <em>TradingView</em>.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/2zo4iL8YUbT9f-wBg-WFvyJEEfVEYndsRwHYlZCpBtSgBvNZL4LKP1Awi4b0gQGirXpo6FroXo0ANV1OmROHUvL5yjXtApbiqmjcbwTocyHCr8QjOpg_F741Lxb5Nutx7Wuwc5YGmFIcDU6BqEw_ojE" alt>
  <figcaption class="wp-element-caption">
   BTC technicals. Source: TradingView
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-btc-price-analysis">BTC price analysis</h2>
 <p class="paragraph">Given the numerous factors driving Bitcoin’s price, it remains possible that it will continue surging to the halving itself and beyond and that it will crash beforehand. What is not only possible but certain is that the cryptocurrency has seen a significant rally of late.</p>
 <p class="paragraph">Having risen 2.09% in the last 24 hours of trading, Bitcoin stands at $52,296. Generally, its rise in the last week has been strong at 16.64% and has been equally significant in the last 30 days at 23.14%.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/X4CrIrHz-8xppWdCX3MIRmDPd69yWAa8_rYyuD8FxRT-DIUHpzExZtSp6ff0TpI9t48L0sOlL4SQtXJGiTmlPFSl4nVuEN13Aizx8Z9kioLn7whhOb-BksPFBpKlRLJaBifRK1m9O3HR8SyPJeOqNmU" alt>
  <figcaption class="wp-element-caption">
   BTC 7-day price chart. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">The world’s foremost cryptocurrency has also been surging since January 1 and is 18.45% in the green for the period – though its rise was staggered in the immediate aftermath of the ETF approvals – and it is up as much as 115.05% in the last 52 weeks. BTC reclaimed a market cap of over $1 trillion on Valentine’s Day.</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>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-daily-chart-signals-massive-btc-sell-off-alert-tbt79910.html">https://thebittimes.com/bitcoin-daily-chart-signals-massive-btc-sell-off-alert-tbt79910.html</a></p>

Bitcoin daily chart signals massive BTC sell-off alert

Table of Contents

TheBitTimes

Άλλα άρθρα που δημοσιεύτηκαν στις 15 Φεβ 2024

Fed Official Sheds Light on Crypto Approach

ARK Invest sells shares in Coinbase and Robinhood amidst positive market performance

Google Photos to Introduce Manual Recategorization Feature for Enhanced User Control

Bitcoin Price Surges Past $50,000

Top Crypto Gainers Today Feb 15 – Stacks, Bonk, Flow, Dogwifhat

Dogecoin Alone in Missing Bull Market Surge, New Cryptocurrency With Better Tokenomics Poised to ...

Join our free newsletter for daily crypto updates!