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 <p>Also Read: <strong>Apple Annual Keynote Event 2023: What To Expect</strong></p>  
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 <h2 id="bitcoin-price-forms-death-cross-pattern">Bitcoin Price Forms Death Cross Pattern</h2> 
 <p>In this case, the BTC price saw a death cross pattern as its 50 day short term moving average has breached its 200 day short term moving average.</p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">$BTC has just experienced another death cross, as its 50-day SMA has breached its 200-day SMA. #forbescrypto #<a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> pic.twitter.com/9ntwD8B6Bg</p> 
  <p>— Steven Ehrlich (@Steven_Ehrlich) September 11, 2023</p>  
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 <p>This is also being supported by the fact that in recent weeks, liquidity in the <a rel="noopener noreferrer nofollow" title="Crypto Market" href="https://thebittimes.com/tag/crypto-market.html">Crypto Market</a> has been on a steady decline. According to Glassnode, both on chain and off chain volumes are about to reach historical lows. More importantly, further decline in <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> price could likely mean that a huge part of the supply falls into a significant unrealized loss, which could officially mean the onset of the bear market yet again.</p> 
 <h2 id="case-for-the-btc-bull-run">Case For The BTC Bull Run</h2> 
 <p>On the positive side, <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> has in recent months formed a Double Top Support pattern, which means it now has the support with resistance of two tops. Trader Tardigrade, a crypto influencer, stated that if the support in the current zone holds, there could be a massive bull run.</p> 
 <p>Also Read: <strong>Coinbase Warns US Lawmakers Ahead Of Gary Gensler Hearing</strong></p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-forms-death-cross-bullish-or-bearish-for-btc-price-tbt62344.html">https://thebittimes.com/bitcoin-forms-death-cross-bullish-or-bearish-for-btc-price-tbt62344.html</a></p>

Bitcoin Forms 'Death Cross', Bullish Or Bearish For BTC Price?

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