Bitcoin (BTC) Price Flashing Sell Signals: What to Do?

Bitcoin’s market shows signs of a reversal as seen through technical indicator signals. BTC price is approaching $100,000 where it’s facing resistance.

Multiple bearish patterns converge in the charts including a historical indication of downward price movement through the long-term rising wedge pattern.

A Doji Gravestone candlestick pattern has emerged at the market peak indicating a possible price reversal as a strong indication of market top formation.

TD Sequential Sell Signal and Rising Wedge Breakdown

The TD Sequential has triggered a sell signal on the 4-hour Bitcoin time frame. Upward price momentum appears to be slowing down because Bitcoin experienced a new rally.

Bitcoin has remained trapped in its price pattern for multiple months and shows current indications of a coming price collapse.

According to the chart the price breakdown target would hit within the $40,000 to $41,000 zone in the long term, which represents substantial market devaluation.

Changing market behavior can be verified through Bitcoin’s existing dominance index metrics. The Doji Gravestone pattern appears near Bitcoin’s dominance peak point which indicates bearish price action.

A decrease in BTC dominance usually triggers enhanced altcoin activity during an altseason period. When BTC dominance weakens substantially investors will redirect their funds toward alternative assets causing notable price appreciation across major cryptocurrencies.

BTC Price Resistance at $100K and Market Sentiment

Bitcoin has encountered persistent resistance as it tries to exceed the important $100,000 milestone. CoinMarketCap data shows Bitcoin at $98,209 while the 24-hour trading volume reaches $30.23 Billion.

The market situation shows there are selling activities at $100000 which prevents Bitcoin from achieving a proper upward surge.

This level of resistance has the power to produce a market reaction that would boost price swings. Bitcoin appears likely to experience a price decline following the confirmation of a TD Sequential sell signal and the formation of a rising wedge pattern before trying to reach the $100,000 price target.

A failure for support levels at $95,000 combined with $92,000 to retain their stability would create conditions for prices to descend toward $85,000 and deep below.

Bitcoin 4-hour charts present opposing signals as Bitcoin achieved a break from its falling wedge pattern.

Short-term bullish momentum persists within falling wedges because they signify bullish reversal patterns.

The validity of this trading signal requires Bitcoin to keep rising toward new peaks and fend off loss of essential support zones.

The price analysis based on the RSI indicator demonstrates that Bitcoin does not show signs of being either oversold or overbought at the current time.

Market exhaustion signs appear weak right now which shows that a price correction might be possible but it does not indicate extreme bearish conditions.

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