Bitcoin hints at sell signal after hitting 3-month high
Bitcoin price hit $30,369 on Saturday, its highest level since July. While bulls could push higher in coming weeks, the immediate outlook suggests a bearish flip. Crypto analyst Ali points to the TD Sequential indicator as hinting at a sell signal. Bitcoin price rose to its highest level since July when it broke above $30k to reach highs of $30,369 on Saturday. BTC is indeed looking for its fourth-biggest weekly gains year-to-date. However, although the benchmark crypto trading around $29,950 at the time of writing, an analyst says further retreat is possible given the potential for a key bearish signal.On the upside, market observers see a flip and weekly candle close above $31k as what bulls need to take control of the prevailing volatility. BTC price shows sell signal According to crypto analyst Ali, the potential for a head-and-shoulders pattern for BTC on the daily chart has received greater attention across the market. And in a chart shared on X on October 22, the analys...