Ali Chart Predicts BTC Price Set to Plunge Below a Critical Level

ALi Chart, a well-known chart analyst, has expressed concerns for short-term traders as the TD Sequential indicator signals a sell on Bitcoin’s 12-hour chart. This warning comes after a consistent trend observed since early February, where every sell signal from the indicator has been followed by a price drop ranging from 1.6% to 3.5%.

The TD Sequential indicator is a popular tool among traders to identify potential changes in trends. It has recently shown a sell signal for Bitcoin on the 12-hour chart. Historical data from early February shows that whenever this signal suggests a sell-off, the price of Bitcoin has dropped between 1.6% and 3.5%. This trend is something short-term traders should closely monitor.

Another expert, Crypto Jelle, also predicts a short-term pullback for BTC. He specifically predicts a 20% price correction as BTC surpasses its all-time high of $69,000. Jelle advises investors not to worry about the outcome but to make the most of the situation. He emphasizes the importance of patience in the ever-evolving crypto space.

Despite the caution from analysts, the price of Bitcoin has increased by 4% in the last 24 hours, reaching around $72,300. Trading volume has also surged by 78.70% and now stands at $51.87 billion. This significant increase in trading activity indicates a growing interest and momentum in the cryptocurrency market, which makes the timing of the sell signal more relevant for investors and traders.