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Crypto analyst says MicroStrategy's latest Bitcoin sale comes at a bad time for bulls

From thestreet.com

The timing couldn't have been less convenient. Just as a key technical indicator flashed a sell signal for Bitcoin, Michael Saylor confirmed Strategy had offloaded 3,588 BTC for approximately $216 million, a combination analyst Ali Martinez described as "not exactly what bulls want to see." Martinez, who posts on X as Ali Charts, flagged the TD Sequential sell signal on X, noting its appearance at the same moment Strategy's Bitcoin sale hit the wires. The TD Sequential is a momentum indicator widely followed in crypto markets for identifying potential trend exhaustion points. A sell signal at this particular ... (full story)

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  • Category: Fundamental Analysis