BlockBeats News, November 24th, according to crypto analyst @ali_charts, Bitcoin has presented 5 sell signals in the past month:
1. Since January 2022, Bitcoin’s monthly MACD has turned bearish for the first time;
2. The 50-day moving average on the daily chart has crossed below the 200-day moving average, forming a “death cross”;
3. Bitcoin has fallen below the 50-week moving average support, a level that has historically signaled a significant pullback;
4. The SuperTrend indicator on the weekly chart has issued a sell signal, which has long-term reliability in trend reversals;
5. The bi-monthly TD Sequential indicator has also issued a sell signal for Bitcoin, with similar past signals leading to 78% and 32% corrections respectively.
@ali_charts stated that if Bitcoin continues to decline, key support levels may be at $75,740, $56,160, and $52,820.
