Analyst Benjamin Cowen gives an emergency Bitcoin warning, ‘death cross’ now appears on BTC – here’s his appearance
Crypto money analyst Benjamin Cowen emphasizes a technical signal that can trigger a large leg for Bitcoin (BTC).
Cowen in a new strategy session Saying 888,000 YouTube subscribers may witness a death cross if Bitcoin remains status quo.
The death cross is a decrease signal when the 50 -day moving average of an asset falls below the 200 -day moving average.
According to Cowen, a sales can come before the death cross.
“There are many times when there was a sale just before the death cross, just before that …
Based on the merchant painting, he claims that an upcoming cross predicted a Bitcoin correction, as he witnessed in 2019 and 2021.
The commonly monitored analyst also reveals the appearance in case of decline prediction.
“Usually there is a low low along this death cross, and then it will give some idea about the fate of the next rally, depending on the fate of the next rally-it only ralies a rally to a new height to a lower level of high-trend rally.”
According to Cowen, a decrease below $ 70,000 may mean that Bitcoin has broken the market structure and the highest level of all existing time will not be above $ 109,000.
“…[BTC could] Bitcoin goes to $ 60,000, especially if it enters a lower level if it enters $ 60,000 …… If it is like $ 63,000, it will be difficult to ignore. “
If Bitcoin carries a local bottom over $ 70,000, Cowen says,
“If it is over $ 73,000, there is no guarantee in the market, but it recommends that the structure of the market remains intact.”
Bitcoin is traded for $ 85,052 during writing.
https://www.youtube.com/watch?v=e211poytvyi
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