Bitcoin Capitulation Near, Price to Plunge to $6,400 if History Rhymes
Interestingly, however, the day after saw this crossover reverse, with miners stepping in at the eleventh hour to stop this signal from being etched into stone. Regardless, a top analyst has asserted that BTC remains on the “edge of a cliff,” citing the fact that this key indicator remains on the verge of flipping bearish.
Why Bitcoin May Be About to Return to $6,000, Maybe Lower
It seems that the “Crypto Winter” of 2018 has come back to haunt Bitcoin bulls in 2019.