This is very bad news for BTC

Bitcoin (BTC) It is up 4% since 00:00. The current price at the time of writing is $21394 on the cryptocurrency exchange Queen Piece. Bitcoin price in Euro is €21,566 on Dutch stock exchange bitvavo. The trading volume decreased by 12% during the same time frame. Over the past seven days, the value of Bitcoin has fallen by 10.3%. Over the past 24 hours, the price has remained more or less the same. The total market capitalization of Bitcoin at the time of writing is $410.5 billion. Compared to the total cryptocurrency market capitalization, Bitcoin dominates at 40.69%, almost the same level as it was 24 hours ago.

Bitcoin news from yesterday

Cryptocurrency benchmark overtaking is bad news

Twitter Analyst Titan of Crypto shared an analysis on August 23 using Tenkan kijun cross indicator. This indicator shows a bearish A signal where the analyst sees that the two lines intersect. In the past, this was a clear indication that the price would continue to fall sharply. Previous times this happened, the price corrected at least 50% each time. If this happens again, the price will drop by about $11,000.

# bitcoin falling cross

Although this one might not be popular, I have to share it anyway.

From Ichimoku’s perspective, #BTC It has a bearish tanaki-kijun cross on the monthly TF.
Each time this happened, an average of -53% drop occurred.

However, the month was not over. pic.twitter.com/JqRKbMFino

– Titan of Crypto (Washigorira) August 23 2022

Today’s Token Analysis: Sandbox (SAND)

Unfortunately, the analysts in discord society From Crypto Insiders Not too positive about Sandbox (SAND). They indicate that it appears that SAND is currently a file Elliott wave Down impulse wave Is formed. This can be Form 12345 and Form ABC. If we see the first, the price may drop a lot.

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