After a significant price decline of 10% in the last two days, Bitcoin is now ready for a reversal, according to some analysts. For example, crypto analyst Trader Tardigrade said that the CMO indicator signals a potential reversal for BTC.

🕯Having reached an all-time high of $73,777 in March 2024, BTC has been moving in a descending channel since then. The trader noted that whenever BTC reaches the bottom of the channel, the CMA technical indicator touches the rebound trigger zone and the BTC price begins to recover.

⚠️However, most investors are still leaning towards a drop to $50K, as short-term traders are in the red, which is why they gradually sell their coins, which puts pressure on BTC. However, we will discuss this issue in more detail in a new video that will be published later.