These indicators hint at Bitcoin’s upcoming ‘major price drop’
Bitcoin (BTC) investors should anticipate a further drop in the asset based on notable technical indicators exhibited by the cryptocurrency. According to crypto trading expert Alan Santana, in a TradingView post on August 29, investors can identify potential trend reversals in the Bitcoin market by leveraging the exponential moving averages (EMAs) and trading volume. In October 2023, Bitcoin traded sideways, consolidating below several critical EMAs. However, a decisive move above these averages triggered a bullish trend, supported by the highest trading volume seen in many months. This breakout began a sustained upward price movement, confirming the market’s bullish sentiment. Picks for you Elon Musk warns of investment risk in Brazil, USD/BRL chart reacts 1 hour ago ...