Crypto trader and analyst Ali Martinez is warning that Bitcoin (BTC) could undergo a significant correction amid a bearish signal from a reliable indicator.
Martinez tells his 139,100 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator is suggesting that Bitcoin could fall by over 63% from the current level.
The TD sequential indicator is a technical analysis tool used to determine potential trend and price reversal points.
Trending: Gen. Flynn Publishes an Open Letter to Trump Regarding Epstein: ‘I Hesitated to Write This’
“This one indicator has predicted every major Bitcoin crash and it just flashed again. The Tom DeMark Sequential just gave a quarterly sell signal. This is a rare warning that has historically preceded brutal drawdowns.
Back in 2015, the same signal appeared and Bitcoin dropped 75% after. Then in 2018, same setup,
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!