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Another noteworthy technical signal has emerged—this time related to moving averages.
Recently, analysts have observed that Bitcoin's 10-week and 50-week moving averages have crossed. Looking back at past candlestick charts, every time such a crossover occurred, it was often followed by a significant correction.
Data speaks:
In September 2014, there was a 67% decline
In June 2018, more than halving, with a 54% drop
In March 2020, a 53% decline
In January 2022, another 64% drop
Looking at this pattern, if history repeats itself, the current decline could be in the 50%-60% range. Based on this magnitude, Bitcoin might fall back to the $38,000 to $50,000 range.
Of course, market scenarios never follow a script exactly. This signal is not definitive, but it’s definitely worth keeping in mind. #Strategy加码BTC配置 $BTC $XRP