BTC TU Gya

We would likely see a #BTC rally into its death cross. You can see that rally has now arrived.So perhaps some context is needed.
What happened during prior death crosses?

In 2023, started its rally just after the death cross. It then got above its 50D SMA and subsequently held it as support before going higher.In 2022, got a small rally into the death cross but it faded after the cross occurred.In 2021, rallied before the death cross and then it faded as it arrived.In 2020, rallied into the death cross, had a small pullback after it, then kept going (sort of like 2023).And in 2019, had a strong rally into the death cross, that topped on the day of the death cross, before fading back down for a few months.The durability of this move will likely depend on first #BTC getting above its 50D SMA ($62k), and then holding it as support like it did in 2023.If it fails to hold as support like 2019, then the slow grind down continues until a sufficient pivot from the Fed IMHO.$BTC #MarketDownturn #BTC #Bitcoin