Bitcoin Death Cross occurred 14th January, 2022: Historically, the depth of Bitcoin correction before Death Cross is approximately about the same to the retracement depth after Death Cross. BTC already dumped about -43% from the Bitcoin ATH before the Death Cross occurred 14th Jan 2022. Historically, Bitcoin experiences deeper downside after Death Cross except in 2020 (+1580.98% rally) & 2021 (+141.034 rally) immediately after the Death Cross. 2020 & 2021 suggest that the Death Cross coincided with the market bottom. If things play out according to historical data, a possible -42% drawdown i.e 22k - 12k BTC.
Historically, -84% correction is an average Bear market correction.
Noteworthy: Historically, when BTC bottom below the 200 SMA, it offers great buying opportunities & financial prosperity (ROI) for Bitcoin diamond hands (investors in the long term). More also, these downside represent Extreme Fear & total shake out of the paper hands.
Do not forget the historical wise saying, "Never invest more than you can afford to lose."
Not a financial advise, I suggest using this only as a guide - Do your own research.
If you have any questions, kindly write in comments below - I will answer them.
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