Bitcoin Price Forecast: BTC Weekly ‘Death Cross’ Raises Odds of Crypto Winter
BTC/USD Weekly Chart (Bitstamp) – Source: TradingView
The last death cross between these two lines took place in April 2022. Back then, the price dropped from around $40,000 to $16,00, resulting in a 60% loss in just 7 months.
If history repeats, this would mean that the price could collapse to $36,000, as we initially predicted back in a BTC price prediction piece from November 28.
BTC’s November “Sell” Signal Provided an Early Warning
We have been sharing this mid-term target for BTC multiple times already, and the price action has been confirming this outlook as the token has failed to recapture the $100,000 level.
This death cross is showing up 10 weeks after a sell signal appeared in this higher time frame (HFT). This…
