We are going to show BTC death cross in few days, so it's a bearish signal for BTC market. If you show the previous BTC detath cross then you have got a beautiful idea. I am expecting BTC starting down trend,
What do you think about it? What is your view point?
The downward trend in BTC prices has started when Elon Musk issued a statement regarding the termination of Tesla payments using BTC, as well as the statement of the president of China who banned bitcoin miners in my opinion at that time, and we can see that bitcoin prices are getting weaker day by day and it can be said that the decline occurred now this is the beginning of the arrival of a bigger bear market later, now it is better for us to wait for the market price to really reach the bottom so that we can buy without fear the price will fall.
Tesla's announcement had a little short-term effect IMO but China ban is really a huge one. We are now experiencing a bear market because of those bad news and it's funny how easily the market flip because we are coming from a bull run, then suddenly a bearish market is what we are witnessing now. We might see worst than the current situation, just prepare for it as we don't know when the down trend will stop.