BTC Bitcoin - Weekly Chart Death Cross

Today you can review the technical analysis idea on a 1W linear scale chart for Bitcoin (BTCUSD).

Bitcoin price on the weekly chart shows some concerns as the 200 and 50 SMA looks like it will be crossing forming a Death Cross. This would be the first time a Death Cross happens on the weekly chart for BTC in its history. It is estimated to happen in between January-February 2023. There may be a chance the Death Cross may be avoided if the price moves much higher or lower quicker. I see price come down to $7K-$8K. I still don't think that will be the bottom, but it may be a temporary bottom.

I have been calling drops on BTC since November and December of 2021. I am more concerned than before that more drops are coming. Be careful.

If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.

Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #millionaireeconomics