BTC Death Cross... IS THIS THE END!?
Personally speaking, I'm not panicking about the imminent death cross for BTC.
Every time I look at the current price action for BTC, I immediately see the same top that was put in, in 2019.
The RSI as well as the bar patterns seem almost identical.
Volume has followed a very similar path as well.
With that being said, BTC seemed to be recovering in early 2020 before the epic market crash seen around the world.
Also, up to this point BTC has been very repetitive as far as its halvings compared to its peaks.
We have had 2 halvings followed by 2 market cycle peaks in the following December.
There's not enough evidence in the charts in my opinion to say that anything different will happen, until it happens.
As I've shown in my chart, I believe we could have consolidation until September, and then 1 more parabolic move to end the year.
- CAHLESS
Every time I look at the current price action for BTC, I immediately see the same top that was put in, in 2019.
The RSI as well as the bar patterns seem almost identical.
Volume has followed a very similar path as well.
With that being said, BTC seemed to be recovering in early 2020 before the epic market crash seen around the world.
Also, up to this point BTC has been very repetitive as far as its halvings compared to its peaks.
We have had 2 halvings followed by 2 market cycle peaks in the following December.
There's not enough evidence in the charts in my opinion to say that anything different will happen, until it happens.
As I've shown in my chart, I believe we could have consolidation until September, and then 1 more parabolic move to end the year.
- CAHLESS
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