As I predicted yesterday, the BTCUSD 50 day Moving Average has now crossed over and below the 200 day Moving Average, creating what is known as a death cross. This is the clearest possible indicator that we are just at the start of an extended bear market for Bitcoin and on our way down to 6000USD, possibly as far as 3200USD.
Hit the thumbs up if you found this informative, I will keep you updated as the market develops! And if you disagree, please tell me why in the comments below - all feedback welcome. Thank you!!
This analysis is for educational purposes only and not a recommendation to buy or sell. Always do your own research before trading.
Hit the thumbs up if you found this informative, I will keep you updated as the market develops! And if you disagree, please tell me why in the comments below - all feedback welcome. Thank you!!
This analysis is for educational purposes only and not a recommendation to buy or sell. Always do your own research before trading.
