Bitcoin Drops To $7,500 As The Digital Asset Flashes Major Sell Signal

Bitcoin after having two of its best months since the crypto boom of 2017, is now back in a downward trend. Although the current drop has been a big hit for investors, a sell signal indicates that there could still be more losses ahead.

According to the GTI Vera Convergence-Divergence indicator, there could be more drops in the coming days. This indicator shows positive and negative trends and for the first time since April, it has signaled sell.

The market seems to be struggling to find stability having previously tried to hold above $8,500 and $8,000. As one analyst noted, the sudden shifts in sentiment are seeing the market experience one of the worst volatile periods. Jake Stolarski, senior trader at Cipher Technologies stated that:

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