Analysis: Bitcoin technical indicators show a death cross, previously warning of the "final market decline" in earlier cycles.

BTC4,94%

ChainCatcher news, analyst @alicharts recently stated that the death cross of the 50-day and 200-day simple moving averages on Bitcoin’s 3-day K-line chart occurred on February 27. Historically, such signals often indicate the final decline phase of a bear market.

The article references historical data since 2014, noting that after this indicator appears in each Bitcoin bear market, the price typically drops about 50%.

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GateUser-19134c7avip
· 13h ago
It's over.
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