PANews reported on January 1st that crypto analyst Ai (@alicharts) posted on the X platform that Bitcoin's 10-week and 50-week moving averages have crossed. HistoricalPANews reported on January 1st that crypto analyst Ai (@alicharts) posted on the X platform that Bitcoin's 10-week and 50-week moving averages have crossed. Historical
Analysts: Bitcoin's 10-week and 50-week moving averages have crossed again; if history repeats itself, a deep correction may occur.
PANews reported on January 1st that crypto analyst Ai (@alicharts) posted on the X platform that Bitcoin's 10-week and 50-week moving averages have crossed. Historical experience shows that this phenomenon is followed by significant pullbacks, including: a 67% drop in September 2014, a 54% drop in June 2018, a 53% drop in March 2020, and a 64% drop in January 2022. If history repeats itself, a similar 50%–60% pullback would push Bitcoin's price down to between $38,000 and $50,000.
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