On April 27, according to analyst @ali_charts, BTC has returned above the 200-day moving average, which is a historically positive signal that usually indicates further price increases.
Bitcoin formed a "death cross" on the daily chart on April 6 - a technical pattern where the 50-day moving average (MA) falls below the 200-day moving average. Since its inception, Bitcoin has experienced 10 such "death crosses", with the 11th currently occurring. Analyzing the dates and duration of these "death crosses" leads to an important conclusion: every bear market contains a "death cross", but not every "death cross" leads to a bear market. This distinction is key to understanding the current market landscape.
