Possible DEATH CROSS on Bitcoin
we know that the patterns of the past do not necessarily have to repeat themselves, but it is a fact that whenever there is a cross between the 50-day and 200-day moving averages, known as *death cross*, the price ends up touching the MA 200...
has not crossed yet, but the probabilities of crossing over increase with each candle on the daily chart, and the price going to the MA 200 levels is not a certainty, but a high probability of happening.
The death cross is a technical chart pattern indicating the potential for a major selloff and has proven to be a reliable predictor of some of the most severe bear markets of the past century, including 1929, 1938, 1974, and 2008.
Anyway, the sooner this low cycle ends, the sooner a new cycle starts and the dance music will play again, let's wait and see and react accordingly
has not crossed yet, but the probabilities of crossing over increase with each candle on the daily chart, and the price going to the MA 200 levels is not a certainty, but a high probability of happening.
The death cross is a technical chart pattern indicating the potential for a major selloff and has proven to be a reliable predictor of some of the most severe bear markets of the past century, including 1929, 1938, 1974, and 2008.
Anyway, the sooner this low cycle ends, the sooner a new cycle starts and the dance music will play again, let's wait and see and react accordingly
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