Bitcoin recently experienced a death cross, with the 50-day moving average crossing below the 200-day moving average, which is traditionally a signal of market volatility. Some are worried about an impending crash, while others believe this is the calm before the storm.
Historically, every time there has been a death cross, Bitcoin has experienced extreme volatility—in 2019, 2021, and 2022, without exception. Will history repeat itself this time?
Key prediction: It may drop to 74,000 in the short term—market sentiment is cautious, speculative positions are being cleared, and volatility is increasing.
In the long term, it may reach 200,000—analysts point out that the current trend is similar to the starting point of the 2017 bull market; after a major shakeout, an epic rebound may follow!
What does the market think?
TedPillows: Bitcoin needs to stabilize above 89,000 USD to confirm the start of a new upward cycle.
CryptoNobler: The current pattern is highly similar to the pullback before the start of the 2017 bull market; if confirmed, Bitcoin could soar directly to 200,000 USD after a major drop!
Michael Saylor: Bitcoin's ultimate market cap will reach 500 trillion USD; the current price fluctuations are just 'turbulence' before the bull market.
M2 money supply soars, is the liquidity turning point near?
Global liquidity has yet to explode, but M2 supply is gradually rising. Historically, M2 growth often signals new highs for Bitcoin. Analyst Colin Talks Crypto even believes that Bitcoin will officially start a new surge on May 1.
Final showdown between bulls and bears, the last chance to get on board?
The panic caused by the death cross— is it the 'real bear market beginning' or the 'critical point of the next bull market'? Will Bitcoin's next step be the abyss of 74,000 USD or the peak of 200,000 USD? The market will soon provide an answer!
