What are your thoughts about this bearish cross-over? Does it signify that Bitcoin hasn't endured it's bear market for long enough in both time & price in order for a recovery, or will we still see further downside?
I know it's easier to say this now that we actually (briefly) broke 20k support twice in the past 24 hours, really didn't help that Powell's speech seems to confirm that they're going to be stubbornly plugging up the dollar... but yeah, I think this helps to confirm that Bitcoin's bear pain is far from over -- definitely needs a longer time spent, and lower prices achieved.
And I agree with above sentiment of "new" indicators like this, unproven and even if happens once will need many more repeats for reliability.