Analysis: Bitcoin has returned to above the 200-day moving average and is expected to be bullish in the future

疯狂的数字币

加密之眼

04-27 16:12

On April 27, according to analyst @ali_charts, BTC has returned to above the 200-day moving average, a historic positive signal that usually indicates further price increases.

Bitcoin formed a "death cross" on the daily chart on April 6 - a technical pattern with the 50-day moving average (MA) falling below the 200-day moving average. Since its birth, Bitcoin has experienced 10 such "death crossovers", and the 11th is happening. Analyzing the dates and durations of these "death crosses" can lead to an important conclusion: every bear market contains a "death cross", but not every "death cross" will lead to a bear market. This distinction is the key to understanding the current market structure.

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