In the past month, Bitcoin has presented five sell signals. The monthly MACD indicates a bearish trend for the first time since January 2022. Additionally, the SuperTrend indicator and TD Sequential on the two-month chart have shown reliable sell signals, historically leading to corrections.
As Bitcoin has fallen below its 50-week moving average, it signals potential pullbacks. If the downward movement continues, analyst Ali warns traders to keep an eye on the key support levels at 75,740 USD, 56,160 USD, and 52,820 USD.
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