Technical analysts are flagging a major bearish signal on the monthly chart. Bitcoin’s price has closed below its SuperTrend line, a move that historically has preceded corrections of up to 60%. All eyes are now on the $55,000 level—this is the "Realized Price" (the average cost basis of all BTC on-chain) and is considered the ultimate "line in the sand" for the current cycle. $BTC #GateSquare$50KRedPacketGiveaway
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ShortingBeachfrontVill
· 6h ago
It's still early, tonight there are still many empty spaces.
Technical Warning: The Monthly "SuperTrend" Flip
Technical analysts are flagging a major bearish signal on the monthly chart. Bitcoin’s price has closed below its SuperTrend line, a move that historically has preceded corrections of up to 60%. All eyes are now on the $55,000 level—this is the "Realized Price" (the average cost basis of all BTC on-chain) and is considered the ultimate "line in the sand" for the current cycle. $BTC #GateSquare$50KRedPacketGiveaway