Experienced Analyst Warned Investors: “This Indicator Gives a Fall Signal in Bitcoin!”

BTC, which rose above $48,000 after the Spot Bitcoin ETF approval and opening for trading, encountered a selling pressure here and fell to $45,000.

While investors expect further rises in BTC after the ETF approval, popular cryptocurrency analyst Ali Martinez said that Bitcoin is in a downward trend.

At this point, the analyst examining Bitcoin’s Inter-Exchange Flow Pulse (IFP) Indicator pointed out that this indicator fell below its 90-day average.

Stating that this decline historically indicates a downward trend in the Bitcoin and crypto market, Martinez warned investors.

“Could we see a top for Bitcoin?

The Inter-Exchange Flow Pulse (IFP), which tracks BTC flows between various trading platforms, has fallen below the 90-day average.

Historically, this decline generally indicates a bearish trend in the Bitcoin and crypto market!”

Could we be seeing a market top for #Bitcoin?

The Inter-exchange Flow Pulse (IFP), which tracks $BTC flows between various trading platforms, has just fallen below its 90-day average. Historically, this shift often signals a bearish turn in the #crypto market! pic.twitter.com/ohkaKHP7ZO

— Ali (@ali_charts) January 12, 2024

Even though this indicator gives a decline signal, do not make your investment decisions based on a single data or signal. These indicators and data are helpful data that have a margin of error and have never been proven to be 100% accurate.

Make your investment decisions based on your own research.

Bitcoin continues to trade at $46,077 at the time of writing.

*This is not investment advice.