Bitcoin will see a price correction before crossing $70K

Most metrics and indicators suggest a price correction.investors were sitting tightly as the king of cryptos was inching towards $70k once again.

At the time of writing, the coin was trading at $69,420.39 with a market capitalization of over $1.37 trillion. The upward trajectory gave investors hope that BTC would once again touch $70.that suggested otherwise. He mentioned the TD sequential indicator as it flagged a sell signal, hinting at a price drop.

Therefore, AMBCrypto planned to take a closer look at BTC’s state to see whether a price correction was inevitable., selling pressure on BTC was increasing as its Exchange Reserve rose. Its Exchange Netflow Total was high compared to the last seven-day average, further hinting at a sell-off.Apart from this, BTC’s aSORP was red, meaning that more investors are selling at a profit. In the middle of a bull market, it can indicate a market top.

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