HawkInsight

  • Contact Us
  • App
  • English

Analysis: Bitcoin has returned above the 200-day moving average and is expected to be bullish

According to analyst @ali_charts, BTC has returned above the 200-day moving average, a historically positive signal that usually indicates that the price will rise further. Bitcoin formed a "death cross" on the daily chart on April 6-a technical form where the 50-day moving average (MA) falls below the 200-day moving average. Since its birth, Bitcoin has experienced 10 such "death crosses", and the 11th is happening. Analyzing the dates and durations of these "death crosses" leads to an important conclusion: every bear market contains a "death cross", but not every "death cross" leads to a bear market. This distinction is key to understanding the current market landscape.

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More