BTC First Death Cross Already Happened Which Could Lead to New ATH, When Will Its New ATH Happen?
price action has led BTC/USD to the door of another moving average crossover classically known as a “death cross.” This involves the downward-sloping 50-day simple moving average (SMA) crossing below its 200-day equivalent.
The last time Bitcoin experienced a death cross was in 11 September 2023. However, the bearish sentiment was short-lived, as Bitcoin quickly formed a golden cross in 29 October 2023 — just a month later. A golden cross occurs when the 50-day moving average crosses above the 200-day moving average,
This death cross happen at 11 August 2024 and lead the price in correction from midnight to today at my time (+7 UTC) . Its happened faster than as previous Halving.
On the previous Bitcoin's Halving at 11 May 2020, the first Death Cross: 19 June 2021
and few month later the Golden Cross happened at 14 September 2021 and then New ATH at 10 November 2021 in pricing $69,000.-.
If we believe it's beginning sign of new ATH could be happened then we should wait when it's golden Cross will be happened.
So will you believe The New ATH of Bitcoin could be happened again?
