Bitcoin Price Crash: Crypto Analyst Reveals What Would Reject Current Bearish Hypothesis

Quick Summary:

Severino explained that unless a significant rally occurs before the end of the month, the blue line will cross below the orange line, and momentum will officially turn bearish.  If the month closes with the crossover intact, it will mark the first confirmed bearish momentum shift on the LMACD since the bullish reversal in July 2023.

Bitcoin Bulls Still Have A Window To Flip The Outlook Before April Ends According to Tony Severino, this crossover is not the sole reason for leaning bearish on Bitcoin’s medium-term trajectory, but it stands out as the most precise technical marker that could trigger a rethink.

Related Reading: Crypto CEO Reveals Why The Bitcoin Bull Market Is Over With Crash Below $80,000 This kind of intending crossover is known to be an important bearish confirmation, and its appearance has coincided with growing weakness across broader markets, including traditional indices like the S&P 500 and Nasdaq.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Gold Bitcoin Lmacd Btcusd Bitcoin news Bitcoin Bitcoin price Btc price BTCUSDT NASDAQ Btc Tony Severino BTC news

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-10 @ 01:00:31 (6 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 64 lines

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Copyright Owner: © NewsBTC

News ID: 27765939

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