Bullish Bitcoin Indicator Returns: $70,000 on the Horizon?
A technical indicator that preceded Bitcoin's previous bull run to $70,000 has reappeared, sparking speculation about a potential return to those highs.
The indicator, known as the "Death Cross," is a formation on the Relative Strength Index (RSI) chart that signals bearish momentum. However, in some cases, it has preceded significant price increases.
So, is this a bullish sign or a head fake? Only time will tell, but the reappearance of the Death Cross is a noteworthy development for Bitcoin investors.
What are your thoughts? Bullish or bearish on Bitcoin's future? Let me know in the comments below!
