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Bitcoin ‘death cross’ data hints 43% drop due in BTC price bear market -Breaking

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Bitcoin’s ‘deathcross’ data suggests a 43% fall in BTC prices due to bear market

(BTCNew data shows that the price of a stock () might fall 40% more from its bottom last week. This is according to one analyst who confronts what he believes is now a bearish market.

Rekt capital, a popular analyst and trader tweeted his thoughts on the 20th of May. arguedThis should drop to close to $20,000 in order to meet historical norms.

Chart annotated with BTC/USD and 200-week MA. Source: Rekt Capital/ Twitter (NYSE:)
1. Day candle chart of Bitcoin/USD (Bitstamp) – 50, 200-day MAs. TradingView