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Analyst: Bitcoin's 5 major technical indicators signal a bearish trend, with support levels expected to drop to a minimum of $52,820.
On November 24, according to crypto analyst @ali_charts, Bitcoin has shown 5 sell signals in the past month: 1. The monthly MACD for Bitcoin BTC has turned bearish for the first time since January 2022; 2. On the daily chart, the 50-day moving average has crossed below the 200-day moving average, forming a “death cross”; 3. Bitcoin has lost the support of the 50-week moving average, a level that historically often indicates a significant pullback; 4. The SuperTrend indicator on the weekly chart has issued a sell signal, which has long-term reliability in trend reversals; 5. The bi-monthly TD Sequential indicator has also issued a sell signal for Bitcoin, with the last two similar signals causing adjustments of 78% and 32% respectively. @ali_charts stated that if Bitcoin continues to pull back, key support levels may be at $75,740, $56,160, and $52,820.