BITCOIN Death Cross Over: Death Cross over is very bearish sentiment. But is play differently time to time.
- We can see BTC price drop 13% to 25% before this death cross over.
- In last 4 death cross over, 3 times BTC make bottom near death cross- over and bounce for new rally after death cross-over.
- BTC 200 MA at $85685, Daily closing below this level can hurt BTC badly for 12%-25% fall.
- If market not able to Reclaim MA 200 after death cross over than BTC enter in long term bear market.
Conclusion: Trump tariff create pressure on market and it can be continue till April 2. BTC need to hold $85,685 till April 2 to avoid massive crash.
- We can see BTC price drop 13% to 25% before this death cross over.
- In last 4 death cross over, 3 times BTC make bottom near death cross- over and bounce for new rally after death cross-over.
- BTC 200 MA at $85685, Daily closing below this level can hurt BTC badly for 12%-25% fall.
- If market not able to Reclaim MA 200 after death cross over than BTC enter in long term bear market.
Conclusion: Trump tariff create pressure on market and it can be continue till April 2. BTC need to hold $85,685 till April 2 to avoid massive crash.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.