Bitcoin faces rising bearish pressure as key weekly indicators turn negative and investor sentiment hits extreme fear, evoking memories of 2018 and 2022 market crashes

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Bitcoin's weekly SuperTrend indicator has flipped to a sell signal, confirmed by a close below the 50-week moving average. This technical setup, which previously preceded major drawdowns like those in 2018 and 2022, is raising concerns about a potential deep correction. Analysts suggest Bitcoin could face significant drops if historical patterns repeat.