Bitcoin started the new year quite strongly and gained 50 percent value, exceeding $ 10,000. But the leader crypto asset, which could not maintain its level, entered a period of collapse.
Global exchanges, gold and crypto assets have experienced a serious collapse due to the new type of coronavirus that emerged in China on December 31, 2019, and has taken the whole world under its influence. Declining below $ 4,000, BTC followed up to $ 7,000 and the leader is trading at $ 6,700 at the time of leading crypto asset writing.
While Bitcoin was performing these price movements, the TD Sequential Indicator, which knew both the upper and lower levels of Bitcoin correctly in December 2017 and 2018, finally gave a sales signal on February 13, 2020. Immediately after this signal, Bitcoin faced the biggest drop in a single day and fell nearly 50 percent.
The same indicator started to signal again. If these signals come true again as in the past, serious losses can occur in Bitcoin.
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