{"id":165920,"date":"2023-10-01T01:04:45","date_gmt":"2023-09-30T19:34:45","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=165920"},"modified":"2023-10-01T01:04:45","modified_gmt":"2023-09-30T19:34:45","slug":"bitcoin-btc-eyes-death-cross-rally-top-expert-reacts-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-btc-eyes-death-cross-rally-top-expert-reacts-crypto-news\/","title":{"rendered":"Bitcoin (BTC) Eyes Death Cross Rally, Top Expert Reacts – Crypto News"},"content":{"rendered":"

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<\/a><\/p>\n

Gamza Khanzadaev<\/a><\/p>\n

Bitcoin (BTC) rally to death cross spurs concerns of lower highs, expert Benjamin Cowen warns<\/p>\n<\/div>\n<\/div>\n

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In a recent development,\u00a0Bitcoin (BTC)<\/a> has captured the attention of crypto space as it hurtled toward a concerning market pattern: the death cross. Renowned crypto analyst and founder of Into The Cryptoverse\u00a0Benjamin Cowen<\/a> shared his insights on this phenomenon.<\/p>\n

The death cross, a market chart pattern indicative of recent price weakness, occurs when a short-term moving average dips below a longer-term moving average.<\/p>\n

Specifically, Cowen highlighted the paradox due to which\u00a0Bitcoin<\/a> has historically rallied as it approached the death cross, only to witness subsequent declines marked by lower highs. Cowen elucidated that these market indicators, particularly the 50-day and the 200-day moving averages, are lagging patterns. This lag often leads to rallies preceding death crosses and declines following golden crosses, creating an “unpredictable predictable” cycle in the crypto market.<\/p>\n

Notably, BTC’s recent rally, while seemingly promising, has resulted in lower highs, reinforcing Cowen’s analysis of the prevailing downtrend.<\/p>\n

As traders and enthusiasts closely monitor BTC’s movements, Cowen’s insights provide valuable perspectives on the current market conjecture.<\/p>\n

This analysis by Cowen underscores the complex interplay between market indicators and investor behavior in the crypto sphere. As\u00a0BTC<\/a> enters this critical phase, it continues to draw global attention as a barometer of the evolving dynamics within the digital asset landscape.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Gamza Khanzadaev Bitcoin (BTC) rally to death cross spurs concerns of lower highs, expert Benjamin Cowen warns In a recent development,\u00a0Bitcoin (BTC) has captured the attention of crypto space as it hurtled toward a concerning market pattern: the death cross. Renowned crypto analyst and founder of Into The Cryptoverse\u00a0Benjamin Cowen shared his insights on this […]<\/p>\n","protected":false},"author":2,"featured_media":165921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-165920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=165920"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165920\/revisions"}],"predecessor-version":[{"id":165922,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165920\/revisions\/165922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/165921"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=165920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=165920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=165920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}