Do you believe BTC will hit 100k this week or bears will take control first? 🐨
BullishBanter
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Bullish
$BTC Just Smashed $94K – As Predicted
#Bitcoin has officially broken the $94,000 resistance level and is holding strong. This is exactly the breakout move we discussed earlier. From $83K to $94K, BTC followed the pattern perfectly—well done to everyone who picked up the call ..
Current Price: $94,137 24H Range: $88,241 – $94,137 Volume: Over 44K BTC traded in last 24h
Bulls are clearly in control, and the momentum still looks strong. If BTC holds above $92K, the next major targets could be $96K and $100K.
Big Congratulations to all who believed and took the trade! Let the trend guide you—don’t rush, just ride it smart.
For the last two weeks the market was giving signs of a down trend, but recently that trend reversed 📈
My strategy didn't trigger (golden cross) but seeing clear resistance levels becoming support and with $BTC going higher than 90k I took a calculated risk (with tight margins) and made the trade. 🚀
Do I think the market will go higher ? Yes, but a reversal trend could happen at any time, so I prefer to profit now and wait for the next opportunity 🦅
Now it's your turn, did you profit from this market sudden move? Comment down below 👇
Buy 60% in BTC, 30% in altcoins there are in the top 10 in coin market cap and 10% in others that you believe in the project. That's how I do it for long term
Mrs Ehsan
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I have 500$ I wanna Invest Can you please suggest where I have to invest In spot
$ETH $TAO $XRP
or any others ... please Guid as per your experience
I use the death cross (and golden cross as well) in the H1 timeframe and it is really helpful to predict market tends 📉
We can only hope that this time is a "fake breakout", but brace yourself for prices going as low as 70% in the upcoming months 🚨
Now is your turn, do you already knew of the death cross? Do you want me to teach you how you can use it? Comment down below 👇
Binance News
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Bitcoin's Death Cross: Historical Patterns and Market Implications
According to BlockBeats, Bitcoin experienced a 'death cross' on April 6, where the 50-day moving average fell below the 200-day moving average on the daily chart. Historically, this technical pattern is often associated with trend reversals and prolonged bearish trading periods, sometimes indicating significant market downturns.
Since its inception, Bitcoin has undergone ten such 'death crosses,' with the eleventh currently unfolding. Analyzing the dates and durations of these events reveals a crucial insight: while every bear market includes a 'death cross,' not every 'death cross' leads to a bear market. This distinction is vital for understanding the current market landscape.
Notably, the 'death crosses' during the bear markets of 2014-2015, 2018, and 2022 were prolonged and challenging, lasting between 9 to 13 months from the crossover date to the cycle's bottom, with declines ranging from 55% to 68%.
The other seven occurrences were far less severe, lasting between 1.5 to 3.5 months, with Bitcoin's price dropping from 27% to no decline at all. In many instances, these signals marked local bottoms, followed by subsequent rebounds.
James Butterfill, Head of Research at CoinShares, noted that, on average, Bitcoin's price is only slightly lower (-3.2%) one month after a death cross, and typically rises three months later. Therefore, he suggests that a 'death cross' often presents a good buying opportunity.