Bearish Bitcoin signal fires, raising chance for a 77% price drop

💡 DMK Insight

Bitcoin’s SuperTrend indicator flashing bearish is a big deal right now. With the Crypto Fear and Greed index showing ‘extreme fear,’ traders need to be cautious. This combination often signals a potential downturn, especially if Bitcoin starts breaking below key support levels. If we see a decline, it could trigger stop-loss orders and exacerbate selling pressure. Watch for the $25,000 mark—if it breaks, we might see a cascade effect across the crypto market, impacting altcoins as well. On the flip side, extreme fear can also set the stage for a rebound if buyers step in at lower levels. But right now, the sentiment is leaning heavily bearish, and it’s worth monitoring how institutional players react. Keep an eye on volume trends; a spike in selling could confirm the bearish outlook. Be prepared for volatility in the coming days as traders react to these signals.