Bitcoin has flashed a rare Tom Demark (TD) Sequential sell-signal on the quarterly chart, indicating a potential significant price pullback.
This signal has historically preceded major drawdowns, prompting warnings that Bitcoin could drop as low as $40,000, a 64% decrease from current levels.
While some analysts remain bearish, predicting a potential drop, others are optimistic about Bitcoin's future, suggesting a new all-time high is on the horizon.
Analysts have pointed out bullish technical setups and patterns, with projections of BTC reaching $130,000 if it decisively breaks above $110,000.