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Bitcoin

BTCON’s Bitcoin’s urgent trading issues, the BTC index is expected to be the main incidents that are flashing in red – here are its goals

The encryption dealer and analyst Ali Martinez warns that Bitcoin (BTC) can undergo an important correction amid a hobby signal from a reliable index.

Martinez Recount His followers suggest 139,100 on the social media platform X that the TD Dimark Index (TD) indicates that Bitcoin may decrease by more than 63 % of the current level.

The Sequential TD is a technical analysis tool used to determine the opposite direction and potential prices.

This one indicator predicted with all the main Bitcoin disruption and has been flashing again. The Tom Demark sequence gave a quarter -sale signal. This is a rare warning historically the brutal clouds.

Once again in 2015, the same sign appeared and Bitcoin decreased by 75 % yet. Then in 2018, the same preparation, the same result – Bitcoin fell more than 85 %.

Now he is flashing again. If this plays as before, Bitcoin may drop to less than $ 40,000. “

Source: Ali Martinez/h

Bitcoin is trading at $ 107,850 at the time of this report.

Quoted from data from the Blockchain Intotheblock Analysis platform, Martinez He says Between May 22 and June 29, the number of bitcoin transactions worth more than $ 100,000 from 30,840 to 16,860 decreased, a decrease of about 45 %.

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Source: Ali Martinez/h

Crown and analyst also Cite Crypto Analytics Cryptoquant has decreased that Jupiter’s interest in Bitcoin over 30 days has decreased by 36,988 BTC.

“The clear demand for bitcoin decreased to -37000 BTC, indicating a sharp decrease in the purchase of interest!”

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Source: Ali Martinez/h

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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.

Created Image: Midjourney

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