BTC: The Death Cross is here!

It looks like the Death Cross has happened, which means the current trend will likely continue downward for a while. Sometimes prices go up briefly after a Death Cross before falling again. Keep in mind that the Death Cross is not a definitive sign, but rather confirms what we already expect - that the trend will keep going down for some time.

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Based on current market sentiment, it appears that a downturn is on the horizon. This could result in revisiting prior lows (15k-16k) or even reaching new lows within the range of 10k-13k. However, after this decline, there is a good chance that the market will shift towards a bullish phase. My prediction is that BTC will reach its lowest point within the next six months, but recovery is expected by Summer 2024. It is recommended to have a strategy in place for this potential downturn.

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The price retested the Death Cross, as expected! Most likely to continue its downward trajectory.

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Massive bearish divergence!

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BTC: The Death cross rally has come to an end!

MBM_Crypto

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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

MBM_Crypto

🔥 Lifetime Premium Access – $99

BTC updates, altcoin setups, key levels, targets & educational posts.

🎖 Free Telegram: t.me/MBM_786kr
📩 To join Premium: DM @MBM786kr on Telegram

Aynı zamanda::