What comes after the appearance of the #Death_Cross (Death Cross) that appeared on the #Bitcoin_Chart

Let's analyze this event and understand its impact on the market, and how traders can benefit from it.

What is the Death Cross?

The Death Cross is a technical signal that occurs when the short-term moving average (like the 50-day) crosses below the long-term moving average (like the 200-day).

Historically, this cross is considered a negative indicator that warns of a potential decline in prices.

However, there is another side to this signal: sometimes, it can be the beginning of forming a local bottom in the market, opening the door to strong rebound opportunities.

🟢Chart analysis?

The attached chart shows the Bitcoin price development from 2022 to 2026, with a general upward trend despite fluctuations. The current price of Bitcoin is around 95,968.46 dollars, which is a high level reflecting the strength of the market in the long term. However, the appearance of the Death Cross today raises questions about the upcoming direction.

If this cross is not the end of the current market cycle, we may witness a strong rebound during the next week. This rebound could bring the price back to higher levels.

But if no rebound occurs during the next week, the market may be facing an additional decline before it starts to recover. In this case, we may see Bitcoin return to the 200-day moving average (200D SMA), which could form a new lower high

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