Bearish Bitcoin signal fires, raising chance for a 77% price drop
A bearish signal from Bitcoin’s SuperTrend indicator projected a major decline, which could be reinforced by the Crypto Fear and Greed index registering “extreme fear.”
Key takeaways:
Bitcoin’s Supertrend indicator sent a “sell” signal that has led to a 77% price drop in the past.
The crypto sentiment index in “extreme fear” suggests there is more pain ahead for Bitcoin investors.