The death cross has been confirmed on the daily chart:
The 50-year moving average has crossed below the 200-year moving average, and the price is settling around $94,000, with the market in a decline (-6% over the week), and short selling pressures with $10.8 billion in open positions. However, historically, after a death cross, the price of Bitcoin often reaches its lowest points and then increases by +45-213% (2018: +50%, 2020: 17 times, 2023: +213%).
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