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Bitcoin Flashes Rare Signal That Could Trigger Drop Below $40,000, Analyst Warns

  • 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.

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