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Analyst: Bitcoin's Top 5 Technical Indicators Signal Bear Market, Key Support Level Seen at $52,820

2025.11.24 17:05:05

On November 24th, as per crypto analyst @ali_charts, Bitcoin has exhibited 5 sell signals within the past month: 1. Since January 2022, Bitcoin's monthly MACD has turned bearish for the first time. 2. On the daily chart, the 50-day moving average has crossed below the 200-day moving average, forming a "death cross". 3. Bitcoin has dropped below the 50-week moving average support, a level that historically indicates a significant pullback. 4. The SuperTrend indicator on the weekly chart has given a sell signal, which has long-term reliability in trend reversals. 5. The bi-monthly TD Sequential indicator has also issued a sell signal for Bitcoin, with similar past signals leading to corrections of 78% and 32% respectively. @ali_charts stated that if Bitcoin continues to decline, the key support levels may be at $75,740, $56,160, and $52,820.
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