Brief analysis of the April 13, 2024 cryptocurrency market crash:
Possible reasons:
1 High inflation
2 Raise interest rates
3 Geopolitical uncertainty
4 Selling whales
5 Fear and panic
Important technical indicators:
200 day moving average
Relative Strength Index (RSI)
MACD Convergence/Divergence (MACD)
advice:
Using technical analysis in conjunction with fundamentals analysis
Understand the risks involved in trading digital currencies
Do not invest more than you can afford to lose
note:
This is just general information and not investment advice.
Do your own research before making any investment decisions.
There are no confirmed analyzes that give you 100% certain predictions, but rather they are analyzes that may benefit you more than if you did not rely on any analysis.
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You will shortly find more details of this technical analysis in our subsequent publication.
$BTC $ETH $BNB #Binance #الحيتان #bitcoin