{"id":143109,"date":"2024-11-24T19:00:09","date_gmt":"2024-11-24T17:00:09","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143109"},"modified":"2024-11-24T16:53:49","modified_gmt":"2024-11-24T14:53:49","slug":"is-the-crypto-market-in-for-another-bitcoin-price-correction","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/is-the-crypto-market-in-for-another-bitcoin-price-correction\/","title":{"rendered":"Is the Crypto Market in for Another Bitcoin Price Correction?"},"content":{"rendered":"
This has sparked speculation about a potential price correction after its impressive seven-week rally, raising questions among investors about the sustainability of this bullish momentum.<\/p>\n
On November 23, crypto analyst Ali Martinez shared his prediction, noting that the TD Sequential indicator had issued a sell signal on Bitcoin’s<\/a> <\/strong>12-hour chart, suggesting a possible stronger dip. This is supported by Bitcoin’s 62% gain since October, with technical indicators like the RSI staying in the overbought zone, signaling a potential pullback. Additionally, Bitcoin\u2019s Fear & Greed Index hit a 4.5-year high of 94, indicating extreme greed and possible overvaluation. Maartunn also pointed out<\/a><\/strong> that traders’ unrealized profits have reached 57%, approaching the 69% peak seen in March, adding to the risk of a correction.<\/p>\n The TD Sequential presented a sell signal on the #Bitcoin<\/a> $BTC<\/a> 12-hour chart, anticipating a price correction to $91,583 or even $85,610! #BTC<\/a> needs to close above $100,535 to invalidate the sell signal. pic.twitter.com\/rkFYmgCr46<\/a><\/p>\n \u2014 Ali (@ali_charts) November 23, 2024<\/a><\/p><\/blockquote>\n\n