What does the 'death cross' observed last November signal in Bitcoin’s price history and why is it linked to potential market bottoms?
Why is this the correct answer?
This is correct because a death cross happens when a shorter term average, like the 50-day, falls beneath a longer term average, like the 200-day. It shows that recent price momentum has weakened. Historically, such crossovers often mark significant local lows as selling pressure peaks. Traders see this signal as a potential reversal point where bearish momentum may end and a new upward trend could begin, helping identify buying opportunities at market bottoms.
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