Bitcoin / TetherUS

๐Ÿ”ฅ Bitcoin Death Cross: History Predicts Short-Term Pump

With BTC trending down, it was to be expected that we were going to get a death cross soon. A death cross occurs when the 50-day SMA (blue) crosses the 200-day SMA (yellow) from above, which is typically a bearish (lagging) indicator.

However, I'm seeing a big probability for a short-term reversal. Whether the reversal will be bringing us back to all-time high values remains to be seen.

Over the last 6 years we've seen several death crosses occur. You can clearly see that BTC will turn bullish in the days before the death cross. See snapshots below.

2021
ืชืžื•ื ืช-ื‘ื–ืง

2020
ืชืžื•ื ืช-ื‘ื–ืง

2019
ืชืžื•ื ืช-ื‘ื–ืง

2018
ืชืžื•ื ืช-ื‘ื–ืง

2015
ืชืžื•ื ืช-ื‘ื–ืง

When we combine the knowledge from above with the fact that BTC is currently trading in a massive area of reversal makes me believe that we're likely going to see a bounce of some kind. See below for my BTC support analysis.

๐Ÿ”ฅ Bitcoin: Bull's Last Hope VS Bear Bias


Happy trading!




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