Bitcoin (BTC) rallied 7.41% in the last seven days and is, at press time on April 15, changing hands at $85,753.
The week also featured two dramatic moves, with the first seeing a plunge near $75,000 and the other a subsequent 15% recovery.
BTC one-week price chart. Source: Finbold
Despite the positivity, the world’s premier cryptocurrency appears poised for another downward shift. Technical analysis (TA) based on both the hourly and four-hour charts indicates a correction is imminent.
Specifically, the prominent on-chain analyst Ali Martinez issued a cautionary X post on April 15, warning that TD Sequential is flashing a sell signal:
Caution ahead! The TD Sequential is flashing sell signals for #Bitcoin $BTC on both the 1-hour and 4-hour charts.
TD Sequential issues Bitcoin crash signal. Source: Ali Martinez
TD Sequential is a technical analysis tool that uses an asset’s performance over time to determine whether the prevailing trend will persist or if a reversal
We współpracy z: https://finbold.com/bitcoin-btc-monster-crash-alert/
