Bitcoin has encountered a death cross, a technical pattern that often signals potential downturns, causing renewed market anxiety. VanEck analyst Matthew Sigel reviewed historical data, revealing that Bitcoin's median return after past death crosses was +30% over six months and +89% over twelve months. Sigel highlighted that outcomes vary based on market conditions, with the 2024 post-ETF environment providing a new perspective. At press time, Bitcoin was trading at $86,631.
Bitcoin Faces Death Cross Amid Market Uncertainty
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