Benjamin Queen Curious Analyst says BTC can be about to decline after height to the highest level ever.
In a new strategic session, Queen Recount Its 898,000 subscribers on YouTube that Bitcoin is on the threshold of forming a golden cross -style on the daily time frame.
Gold intersection pattern occurs when a 50 -day average is crossed over the moving average for 200 days. Queen says that although the golden cross style is usually bullish, it previously led to Bitcoin in the past.
“My previous experience with golden crosses affected the belief that with a golden cross, you’ll get a correction. We had a correction after the golden cross in 2019, we had one in 2020. We also had one in 2021 … … We also had one after a golden cross in 2015 and that was a much deeper correction.”
According to Kenwin, Bitcoin can face a correction of two -digit percentage points after the shapes of the golden cross style.
“Looking at the previous golden cross … … just noticed that you often get a golden cross, you get about 10 to 15 % of the decline.”
The encryption analyst says widely, says,
“So, my previous experience with golden crosses with Bitcoin in 2023 always told me that you are gathering by time when you reach the point where you get a golden procedure from a very well -well price, and people run out to be fine, and they start calling for this in order to get anyone from the wings. The market … calming for a short period.”
Bitcoin is trading at $ 110,911 at the time of this report.
https://www.youtube.com/watch?
Follow us xand Facebook and cable
Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox
Check the price procedure
Browse the daily Hodl Mix
& nbsp
Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
Created Image: Midjourney
