🚨 Bitcoin Faces Downward Risk Alert

Crypto analyst Tony Severino has issued a warning that Bitcoin may be on the verge of a new round of price corrections. He noted that the monthly LMACD indicator of the S&P 500 has turned bearish, with the histogram turning red, and there is a high positive correlation between Bitcoin and the S&P 500; this technical signal could put pressure on Bitcoin's price. However, he also pointed out that if the bulls can show strength in the next 20 days, there is still a chance to reverse this trend.

Market opinions are divided: Is this the onset of a bear market, or a short-term adjustment?

Severino stated that if the bearish signal is confirmed by the end of the month, it could trigger a significant pullback similar to past LMACD crossovers. Bitcoin recently dropped to a low of $76,000, raising market anxiety.

In contrast, BitMEX co-founder Arthur Hayes remains more optimistic, believing that the current 30% pullback is a normal fluctuation within a bull market and expects that once the Federal Reserve implements loose monetary policy, Bitcoin will regain its upward momentum.

Another analyst, Kevin Capital, pointed out that although the price is under pressure in the short term, the overall trend of Bitcoin remains manageable. He predicts that the price may dip to the $70,000-$75,000 range, but if the 3-day MACD resets, the key support level holds, and the latest CPI data shows a slowdown in inflation, the market may experience a turning point.

$BTC