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
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TommyTeacher1
· 6h ago
Here comes the moving average crossover again? Every time they say it will drop 50%, and what happens? It suddenly surges back up to the sky haha
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Lonely_Validator
· 6h ago
Here we go again with this? Historical patterns can be convincing every time, but when it really hits, no one can hide from it.
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CryptoPhoenix
· 6h ago
Coming with this again? I survived being cut in half in 2018, so I’m not afraid of this now.
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StablecoinAnxiety
· 6h ago
The old story of moving average crossovers is back again. How likely is it to repeat history?
It's about 50-60%. If it really drops to 38,000, I would consider buying the dip, but I'm just worried I won't even get the chance.
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OnchainHolmes
· 6h ago
History always repeats itself, but can it really hit 38,000 this time? I feel like it's just scaring people...
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AirdropDreamBreaker
· 6h ago
Another moving average crossover warning, the history has been thoroughly drilled into us, but I just don't know if this time will follow the usual pattern again.
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LoneValidator
· 6h ago
The moving average crossover is back. Is this decline really unavoidable? Historical patterns are indeed terrifying, but I still choose to believe.
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