Crypto analyst Tony Severino has revealed that the Bitcoin Percentage Price Oscillator (PPO) has turned red after reaching $102,000, indicating that the end of Bitcoin's bull run may be near. Severino explains that once the red ticks begin, the market will have likely topped before the tick runs out. He also notes that the TD Sequential indicator suggests the Bitcoin peak may occur in the first or second quarter of this year. However, Severino adds that it is possible for the bull market to extend beyond Q2, though it is unlikely without a significant correction. Other analysts suggest that the Bitcoin downtrend may be coming to an end, with the cryptocurrency back above $100,000. As of now, the Bitcoin price is trading at around $101,677, up over 2% in the last 24 hours.
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