Bitcoin Indicator That Signaled 20,500%, 6,750%, and 150% Rallies Flashing?

The Golden Cross occurred Tuesday, but not everyone is optimistic:

Bitcoin (BTC) Indicator That Signaled 20,500%, 6,750%, and 150% Rallies Flashing – But This Analyst Warns Crypto Winter Could Return Early

The anonymous analyst is warning 20,000 followers on Twitter that Bitcoin experienced a significant move to the downside shortly after its last halving event in 2016. First, it hit a high of $664 on July 9, 2016 before sliding down to $466 by August 2nd. The upcoming BTC halving, which will slash the rate of new BTC entering the market by half, is slated for May. A replay of events in 2016 could mean a new crypto winter is on the horizon.

Full article here: https://dailyhodl.com/2020/02/19/bitcoin-btc-indicator-that-signaled-20500-6750-and-150-rallies-flashing-but-this-analyst-warns-crypto-winter-could-return-early/

Master Asked on February 20, 2020 in Bitcoin.
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