🔥ATTENTION🔥
🚀 The BIG stage for #Bitcoin is emerging.
💥 There is a signal that, although it tends to be EXTREMELY NEGATIVE, in certain contexts can turn POSITIVE.
What do I mean exactly⁉️
👉 #Bitcoin had a "DEATH CROSS", meaning the 200-period moving average crossed above the 50-period moving average.
🔻 This signal was seen in the COVID crash, just before BTC dropped 55%.
🔻 It also appeared in 2014, 2018, and 2022, just before major drops averaging 52%.
🔻 That is, DEATH CROSSES that arise in bear markets anticipate significant declines with quite a bit of accuracy.
But what happens when they occur in another context⁉️
🔸 When death crosses appear at the beginning or in the middle of a bull market, and are quickly followed by a GOLDEN CROSS, they transform into a great buying opportunity.
🔸 This was seen in September 2015, March 2020, and June 2021.
🔸 Even in this cycle: in September 2023 and August 2024, #Bitcoin had a DEATH CROSS that was shortly followed by a GOLDEN CROSS.
📍 On average, these patterns led to a rise of 98% in 6 months, which today would place BTC near $150,000.
📍 And yes, as you can see in the chart, $BTC had a death cross and is now about to form its golden cross.
$BTC
{spot}(BTCUSDT)
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