Crypto analyst Josh Olszewicz included signals in his latest analysis that everything may be over for the cryptocurrency market.
Josh Olszewicz included an analysis in his social media post dated April 14 that worried cryptocurrency investors. In his analysis, an experienced figure using a trend indicator called the “Kijun line” included an event that occurred for the first time since June of last year.
The declines seen over the weekend brought Bitcoin into contact with the Kijun line for the first time since June, and he mentioned that if a daily closing is seen below this line, all bull hopes may be over. However, he also mentioned that the triple peak price structure could be a sign of a reversal of the downward trend:
Since the break at 43,000, the first Kijun touch trying to confirm with a tweezer bottom on the yearly pivot today
It happened. This is a risky indicator, but it shows the previous triple peak price structure reversing the downward trend
