This Bearish Indicator Could Signal Start of Major Bitcoin Price Downturn

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Is Bitcoin bull run over? This signal suggests that major price correction could be on cards

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The relationship between the two aforementioned lines could provide key signals for traders about the current state of the market. The Tenkan Sen crossing below the Kijun Sen is usually treated as a bearish indicator since it indicates that the market is succumbing to bearish pressure. However, this signal might not be the coup de grace for the bullish trend since the crossover took place below the Ichimoku cloud., the largest cryptocurrency is currently underperforming against Ethereum, which has managed to surge roughly 6% over the past 24 hours alone.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption.

 

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