Select Page

Crypto Analyst: Bitcoin Is On The Cusp Of A Potential Death Cross

Crypto Analyst: Bitcoin Is On The Cusp Of A Potential Death Cross
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.

Bitcoin has been moving in the mid and high range of $30,000. At the time of writing, the first cryptocurrency by market cap trades at $37,347 with 2.8% profits in the daily chart with moderate losses in higher timeframes.

BTC moving sideways in the daily chart. Source: BTCUSD Tradingview

BTC’s price was rejected at $38,000. This level has become a key resistance and must be overcome if the recovery is to be successful. Anonymous analyst Rekt Capital believes that there could be further downside in the coming weeks, as BTC’s price action hints at the formation of a “Death Cross”.

This indicator appears when BTC’s price 50 Exponential Moving Average (EMA) cross below the 200 Exponential Moving Average (EMA). They are the opposite of the “Golden Cross”, this indicator points to appreciation and is a signal that the bulls will retake the offensive.

With a “Death Cross”, as the analyst said, usually there is a wide period of downside for BTC’s price. During the 2013 bull run, it took 135 days or around 4 months for Bitcoin to form this indicator. In the meantime, the price dropped 73%. Rekt Capital said:

The Death Cross occurs with some lag So by the time it happens – a lot of downside will have already happened. That said, the Death Cross confirms a bearish trend and precedes even more downside. And in 2013, the Death Cross preceded an additional -71% drop…

Source: Rekt Capital

Is Bitcoin Bear Market Imminent?

Therefore, BTC’s price could continue to drop in the short term. This has historically occurred many times over during 2013, 2017, and 2019 and has coincided with local tops. The formation of this indicator has an average duration of 107 to 149 days.

If the analyst is correct, the “Death Cross” should occur during late July and early September of the current year, as seen in the chart below. A third scenario places the formation of this indicator for the current month, Rekt Capital said:

Right now, the 50 EMA (blue) and 200 EMA (black) are converging rapidly towards one another. If BTC doesn’t increase in its price soon and the EMAs continue at the same current pace… The Death Cross could happen sooner in mid-June 2021 (blue)

Source: Rekt Capital

On average, during a “Death Cross” event, the price dropped by around 60%. This is why Rekt Capital concludes that the 54% crash in BTC’s price is part of the pre-Death Cross period. If the theory holds, BTC’s price could see further downside to around $18,000.

Source: Rekt Capital

At the same time, this scenario could be the most profitable for investors that seize the moment.

What’s interesting about the scenario of a -55% post-Death Cross crash however is that it would result in a $18000 BTC. Which ties in with the 200-Week EMA (black) which tends to offer fantastic opportunities with outsized ROI for #BTC investors (green boxes highlight this)


Source: NewsBTC


All In One Crypto App presents a unique dynamic crypto course that allows you to become a profitable and successful trader. Download Now

Don't forget to share your review/suggestions for the android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own here


Select a Sub Category


All In One Crypto App

Made $234 profit with Free Signals from $50

This is the best useful app on my phone. Started trading with $50 and in 5 weeks I was up to $234 just with the free signals. I will recommend it to any new person that wants to try trading crypto. Link to Review

Asoluka Chimdindu

Free User
All In One Crypto App

Good Support

This app is one of the best for crypto currency trading signal for experts and beginal with free and premier with auto follow trading bot all the signal is excellent with accurate technical analysis and fundamental I really like the way they guide and support. Link to Review

olaplus olaplus

Premium User
All In One Crypto App

Accurate Trading Signals

I was premium member of this channel back in 2018 when there was no app. Thr signals were too good, more than 90% accuracy. Now with this app and newly introduced auto trading bot, it will be awesome. Too the moon. Link to Review

Yogesh Patil

Premium member
All In One Crypto App

Awesome and Accurate Signals

Very glad to use this app. The crypto signals was awesome and accurate with detailed explanation and visual information. The admin also helpful and nice. Link to Review

soon cheong

Free User
All In One Crypto App

User Friendly App

Signals are great. I love it. App also friendly to use… Nice job guys Link to Review

Olawunmi Dilureni

Premium Subscriber