Bitcoin price and death cross: is Bear Market coming?

Looking at the bitcoin chats and it seems like the prices continue to bounce between prices and are consistent with a Wyckoff accumulation pattern

in the last week, we noted a death cross in bitcoin's daily time frame with the intersection of the 50-day EMA and the 200 days EMA and it's important to understand what it is exactly and what it could mean for the price of bitcoin in the short-term

Simply a death cross is when the short-term average price of an asset falls below the long-term average price of an asset and it's suggested to traders that the asset in question value.

historically a death cross has resulted in a 30% to 70% dip in bitcoin price, but the severity of each dip has declined over time as bitcoin becomes less volatile

To be real we will see a big drop in the days ahead, but the real question is whether this will begin a bear market?

the short answer is that it depends on what the stock market does in the coming days because as ever the Crypt is correlated to the stock market.

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