Death Cross might drop Bitcoin to $8,000 and below

Bitcoin is moving according to our yesterday price prediction and the expected level of $8,000 will be reached soon.

On the 1D chart, Bitcoin is forming the Death Cross figure as the daily 50 MA is about to cross the 200 MA. Analyzing the historical background, when Death Cross occurred before, the rate of BTC dropped to the $3,000 mark. If such a situation happens now, one is likely to see the leading crypto trading at $8,000 or even below in the mid-November.