Last BTC Death Cross Notes
When was the last time BTCUSD experienced a death cross? - March 2020
What happened after in terms of price movement?
Initial sell off (-16%) in the days immediately following the death cross (algos? twitter?), then BTC rocketed 25% over the same span of days, before more than 2xing over the next 4.5 months...
What would the price be if we followed the same percentage moves?
Initial sell off: Approx Current BTC Price $40,000 - ($40,000 * 0.16) = $33,600
25% rebound: $33,600 * 1.25 = $42,000
Approx 110% move: $42,000 * 2.1 = $88,200
BTC to
88K by November???
What happened after in terms of price movement?
Initial sell off (-16%) in the days immediately following the death cross (algos? twitter?), then BTC rocketed 25% over the same span of days, before more than 2xing over the next 4.5 months...
What would the price be if we followed the same percentage moves?
Initial sell off: Approx Current BTC Price $40,000 - ($40,000 * 0.16) = $33,600
25% rebound: $33,600 * 1.25 = $42,000
Approx 110% move: $42,000 * 2.1 = $88,200
BTC to
88K by November???
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