Bitcoin And Altcoins Fischer Transform Indicator Turn Bearish For The First Time Since 2021

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Technical expert Tony Severino He warned that the transformation indicator of Bitcoin and Altcoins Fischer launched the downward for the first time since 2021. The analyst also revealed the implications of this development and how exactly it could have an impact on these cryptographic resources.

The Fischer Bitcoin and Altcoins transformation indicator turns down

In a X postSeverino revealed that the 12 -week total market of Market Crypto Fisher was launched for the first time since December 2021. Before then, the indicator had launched itself a bearish in January 2018. In 2021 and 2018, the Chapter of the market for total encryption It dropped by 66% and 82% respectively. This provides a bearish perspective for Bitcoin and Altcoin, suggesting that they could suffer a huge accident soon soon.

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In another post X, the technical expert revealed that the 12 weeks of Bitcoin Fischer transformed He also shot the drop. Severino observed that this indicator converts prices in a normal Gaussian distribution to smooth out price data and filter the noise. In the process, it helps to generate clear signals that help to identify the main turning points of the market.

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Source: Tony Severino on X

Severino said that this indicator on the 12 -week period has never lost a call high or below, indicating that Bitcoin and Altcoin may have actually passed. The expert warned for some time that the top bitcoin could be inside and that a huge accident could be on the horizon for the top cryptocurrency.

Recently mentioned the theory of the waves of Elliott and the market cycles to explain why it is no longer confident Bitcoin and Altcoin. He also highlighted other indicators, such as parabolic Sar (stop and the opposite) and the average directional index (ADX), to demonstrate that BTC’s bullish moment is fading. The expert also warned that a sales signal could send BTC in a superend downward trend, with the flagship crypt that descends up to $ 22,000.

A different perspective for BTC

Crypto Analyst Kevin Capital has provided a different perspective on the action of Bitcoin prices. While noting that BTC is in a corrective phase, he said that it will soon be finished. Kevin Capital said that the question is not if this phase will end. Instead, it is about how strong the Bitcoin rebound will be and if the pointed cryptocurrency will make new maximums or will record a lower level of little brilliant followed by a bears market.

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The analyst added that the action of Bitcoin prices when that moment arrives will also be traceable using other methods, such as money flow, fundamental macro and overall spot volume. The main attention is on the fundamental macro as the participants in the market are looking forward to Donald Trump Mutual rates that are long -awaited, which will be announced tomorrow.

At the time of writing, the Bitcoin price is exchanged at approximately $ 83,000, growing by about 1% in the last 24 hours, according to data from Coinmarketcap.

Bitcoin
BTC trading at $ 84.308 on the 1D graph | Source: btcusdt on tradingview.com

In the foreground image from Usplash, a graphic designer from tradingview.com

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