Sell-off alert: Bitcoin bearish bias remains strong
Bitcoin’s (BTC) attempt to recover and reclaim its all-time high above $73,000 is facing hurdles, with the asset currently trading below the $70,000 mark amid anticipation ahead of the halving event. Recent price movements have led to Bitcoin’s bearish price predictions, with a section of the market suggesting the outlook is part of the pre-halving retrace. For instance, cryptocurrency trading expert Alan Santana , in a TradingView post on March 23, warned investors to brace for a sell-off, noting that Bitcoin’s bearish bias remains strong. With Bitcoin struggling to breach the $65,000 resistance, Santana forecasted a continued downward trajectory for Bitcoin over the coming days or even weeks. This downward movement is anticipated to follow a pattern of bottom formation, accumulation, and reversal signals before any potential recovery. Picks for you What’s going on with the Indian Rupee vs. Dollar (USD/INR)? 3 hours ago 2 cryptocurrencies to avoid tra...