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BTC Falls Below Resistance, Indicators Show Possible Bear Season

Analyzing the current market, Santiment, a market intelligence platform, took to Twitter to announce that the prices of crypto and equities have declined together after witnessing a bull run at the start of 2023. Santiment also pointed out that Bitcoin and altcoins have corrected a bit.

The 4-hour trading chart shows that BTC witnessed a sudden vertical jump just a few days after the golden cross was made during the intersection of 50 EMA and 200 EMA. During BTC’s bull run, the price kept on going upward.

4-hour chart BTC/USDT (Source: Trading View)

Around the last week of January, BTC started off with a desce…

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