SuperTrend Indicator Flashes Bitcoin Sell Signal, First Since 2022
Bitcoin has retreated nearly 26% from record highs, triggering a sell signal from the SuperTrend indicator—the first since 2022. Market analyst Ali Martinez notes that the previous signal preceded a 67% decline from $69,000 to approximately $17,000. If similar patterns emerge, BTC could potentially fall to around $31,185 in coming months. Additional technical indicators, including a death cross, have also appeared on Bitcoin charts.