Bitcoin high timeframe technicals – especially the quarterly – look dangerously bearish
There's an Evening Star pattern developing and we are currently below the $93.5K sell trigger
The 3M LMACD and Fisher Transform are close to a bearish crossover, which historically confirms bear markets
The 3M RSI is below 70. A breach below the RSI-based MA is another bear market signature
These are momentum-based signals. Momentum tends to persist, so if these turn down, they could stay that way for many months to years due to how high the timeframe is