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.