BTC can avoid a "death cross" if it breaks above $62,000! đ
- Popular trader Benjamin Cowen says BTC can avoid a pullback if it holds above $62k.
- A "death cross" occurs when the 50-day SMA crosses below the 200-day SMA.
- History shows mixed results: BTC rallies in 2023 after a death cross, but declines in 2019, 2021, and 2022.
- Cowen: "BTC needs to break above $62k and hold as support to continue higher."
BTC/USD is currently recovering, reaching $62,775 before falling slightly.
- Futures open interest lacks recovery despite price gains.
- Julio Moreno: "Mostly shorts closing positions."
Do you think BTC will break above $62k? Comment below! đ
