In accordance with NewsBTC, crypto analyst Tony Severino has reported that the Bitcoin Percentage Price Oscillator (PPO) has turned red after reaching $102,000, indicating a potential end to the current bull market. Severino suggests that this red signal could mean Bitcoin's price will continue to rise until the market tops out. He also points to the TD Sequential indicator, which suggests a peak could occur in the first or second quarter of the year. Severino notes that Bitcoin's price might top by July, but it could happen as early as Q1. Meanwhile, other analysts, such as Titan of Crypto and Mikybull Crypto, have noted Bitcoin's recent rise above $100,000, suggesting a bullish trend. At the time of writing, Bitcoin is trading at approximately $101,677, up over 2% in the last 24 hours, according to CoinMarketCap.
Bitcoin Weekly PPO Turns Red at $102,000, Signals Potential Bull Market Peak
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