BTC: The Death Cross is here!
Updated
It looks like the Death Cross has happened, which means the current trend will likely continue downward for a while. Sometimes prices go up briefly after a Death Cross before falling again. Keep in mind that the Death Cross is not a definitive sign, but rather confirms what we already expect - that the trend will keep going down for some time.
Note
Based on current market sentiment, it appears that a downturn is on the horizon. This could result in revisiting prior lows (15k-16k) or even reaching new lows within the range of 10k-13k. However, after this decline, there is a good chance that the market will shift towards a bullish phase. My prediction is that BTC will reach its lowest point within the next six months, but recovery is expected by Summer 2024. It is recommended to have a strategy in place for this potential downturn.Note
The price retested the Death Cross, as expected! Most likely to continue its downward trajectory. Note
Massive bearish divergence! Note
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