Benjamin Cowen, founder of IntoTheCryptoverse, warns that Bitcoin (CRYPTO: BTC) is approaching another “death cross.”
What Happened: In a podcast published on Friday, Cowen said that Bitcoin will “likely have another death cross,” meaning the 50-day simple moving average crossing below the 200-day simple moving average, if nothing changes in the next one to two weeks.
This would mark Bitcoin’s third death cross in the current cycle, following September 2023 and August 2024.
Historically, death …Full story available on Benzinga.com