Bitcoin is flashing a sell signal, a 10% drop ahead, analysts!

Bitcoin is flashing a sell signal that's pointing to a 10% drop ahead, technical analyst says

Crypto's total market cap dropped nearly 7% in the last day to $3.41 trillion. Getty Images; Jenny Chang-Rodriguez/BI

Bitcoin could be headed for a multiweek correction, according to Katie Stockton.

The strategist said bitcoin was flashing a "sell" signal, given recent trading patterns.

She predicted the crypto could find support around $84,500, implying a 10% drop from current levels.

Bitcoin's post-election momentum has weakened, and the crypto could soon see a sell-off that stretches on for weeks, according to a top technical strategist.

Short-term momentum is now negative.

The digital asset fell 3.2% last month as U.S. investors cashed profits after a rally triggered by President-elect Donald Trump’s victory pushed Bitcoin to an all-time high of $108,315 mid-December.

https://www.latimes.com/business/story/2025-01-01/bitcoin-slips-in-december-as-investors-cash-in-on-record-rally

Originally posted by: Viswasruti

Bitcoin is flashing a sell signal that's pointing to a 10% drop ahead, technical analyst says

Crypto's total market cap dropped nearly 7% in the last day to $3.41 trillion. Getty Images; Jenny Chang-Rodriguez/BI

Bitcoin could be headed for a multiweek correction, according to Katie Stockton.

The strategist said bitcoin was flashing a "sell" signal, given recent trading patterns.

She predicted the crypto could find support around $84,500, implying a 10% drop from current levels.

Bitcoin's post-election momentum has weakened, and the crypto could soon see a sell-off that stretches on for weeks, according to a top technical strategist.

Short-term momentum is now negative.

Crypto selloff won't happen until after the oath on the 20th...my guess.