Bitcoin's 10-week and 50-week moving averages have crossed, a technical signal that has historically preceded significant price corrections. Crypto analyst Ai highlighted on the X platform that past occurrences of this crossover have led to substantial pullbacks, including declines of 67% in 2014, 54% in 2018, 53% in 2020, and 64% in 2022. If a similar pattern unfolds, Bitcoin could see a 50%–60% drop, potentially lowering its price to between $38,000 and $50,000.
Bitcoin's Moving Averages Cross, Signaling Potential Correction
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