Bitcoin Death Cross occurred 14th January, 2022:
Historically, the depth of Bitcoin correction before Death Cross is approximately about the same to the retracement depth after Death Cross.
$BTC already dumped about -43% from the Bitcoin ATH before the Death Cross occurred 14th Jan 2022.
Historically, Bitcoin experiences deeper downside after Death Cross except in 2020 (+1580.98% rally) & 2021 (+141.034 rally) immediately after the Death Cross.
2020 & 2021 suggest that the Death Cross coincided with the market bottom.
If things play out according to historical data, a possible -42% drawdown i.e 22k - 12k $BTC.
Historically, -84% correction is an average Bear market correction.
Noteworthy:
Historically, when BTC bottom below the 200 SMA, it offers great buying opportunities & financial prosperity (ROI) for Bitcoin diamond hands (investors in the long term).
More also, these downside represent Extreme Fear & total shake out of the paper hands.
Do not forget the historical wise saying, "Never invest more than you can afford to lose."
Not a financial advise, I suggest using this only as a guide - Do your own research.
If you have any questions, kindly write in comments below - I will answer them.
Kindly support this idea with your like and comment, thank you.
Historically, the depth of Bitcoin correction before Death Cross is approximately about the same to the retracement depth after Death Cross.
$BTC already dumped about -43% from the Bitcoin ATH before the Death Cross occurred 14th Jan 2022.
Historically, Bitcoin experiences deeper downside after Death Cross except in 2020 (+1580.98% rally) & 2021 (+141.034 rally) immediately after the Death Cross.
2020 & 2021 suggest that the Death Cross coincided with the market bottom.
If things play out according to historical data, a possible -42% drawdown i.e 22k - 12k $BTC.
Historically, -84% correction is an average Bear market correction.
Noteworthy:
Historically, when BTC bottom below the 200 SMA, it offers great buying opportunities & financial prosperity (ROI) for Bitcoin diamond hands (investors in the long term).
More also, these downside represent Extreme Fear & total shake out of the paper hands.
Do not forget the historical wise saying, "Never invest more than you can afford to lose."
Not a financial advise, I suggest using this only as a guide - Do your own research.
If you have any questions, kindly write in comments below - I will answer them.
Kindly support this idea with your like and comment, thank you.