2024

Token

Bitcoin

when

Bitcoin (BTC) has just formed its first death cross of 2024, a technical pattern that typically indicates bearish momentum. Amidst this development, Pawfury (PAW) is emerging as a presale project that’s capturing the attention of savvy investors. With its promise of high returns and seemingly predictable patterns, Pawfury stands out in the volatile crypto landscape, offering a refreshing alternative to established tokens. 
&nbsp; 
<h2 id="b-pawfury-paw-the-new-crypto-superstar-b">Pawfury (PAW) – The New Crypto Superstar</h2> 
<a href="http://www.pawfury.com/?utm_source=bitjournal&amp;utm_medium=article&amp;utm_campaign=direct&amp;utm_id=bj_op_d" rel="nofollow noopener" target="_blank">Pawfury (PAW) </a>is quickly establishing itself as the new crypto superstar in the market. With its dynamic presale rewards, Pawfury (PAW) offers significant benefits to its holders. The strong and growing community backing this coin, coupled with ongoing development efforts, showcases its immense growth potential. As an innovative and strategic investment option, Pawfury (PAW) is attracting widespread attention from investors looking for high returns in a competitive landscape. This emerging superstar is set to dominate the crypto market, promising robust growth and long-term success. 
<a href="http://www.pawfury.com/?utm_source=bitjournal&amp;utm_medium=article&amp;utm_campaign=direct&amp;utm_id=bj_op_d" rel="nofollow noopener" target="_blank">Presale is Live Now – Join Now for a Chance to Benefit with PAW</a> 
Token Distribution Benefits for Early Pawfury Investors Pawfury’s presale is crafted to ensure fair token distribution and provide benefits to investors. Featuring multiple stages with increasing prices, the structure rewards early participants with lower token costs. This model not only builds excitement but also attracts capital, enhancing liquidity and market stability. 
To celebrate its success, investors can now enjoy a 10% extra bonus on their first purchase on Pawfury using the promo code “PROFITPAW10X” for a limited time. 
&nbsp; 
<figure id="attachment_38738" aria-describedby="caption-attachment-38738" style="width: 100%" class="wp-caption alignleft">
 <a href="http://www.pawfury.com/?utm_source=bitjournal&amp;utm_medium=article&amp;utm_campaign=direct&amp;utm_id=bj_op_d" rel="nofollow noopener" target="_blank"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-38738 size-medium" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/08/Pawfurry-presale-300x70.jpg" alt="Pawfurry Presale" width="300" height="70" title="Bitcoin (BTC) Records First 2024 Death Cross – What It Means 31"></a>
 <figcaption id="caption-attachment-38738" class="wp-caption-text">
 Pawfurry Presale
 </figcaption>
</figure> 
&nbsp; 
&nbsp; 
&nbsp; 
&nbsp; 
&nbsp; 
<a href="http://www.pawfury.com/?utm_source=bitjournal&amp;utm_medium=article&amp;utm_campaign=direct&amp;utm_id=bj_op_d" rel="nofollow noopener" target="_blank">Presale is Live, Learn More About Major Benefits</a> 
&nbsp; 
<h2 id="strong-understanding-the-death-cross-technical-analysis-of-btc-s-moving-averages-strong">Understanding the Death Cross: Technical Analysis of BTC’s Moving Averages</h2> 
The death cross occurs when the short moving average crosses below a long term moving average. The last time Bitcoin experienced a death cross was in September 2023. However, the bearish sentiment was short-lived, as Bitcoin quickly formed a golden cross in October 2023 — just a month later. A golden cross occurs when the 50-day moving average crosses above the 200-day moving average, indicating a potential upward trend. 
&nbsp; 
<figure id="attachment_38752" aria-describedby="caption-attachment-38752" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-38752" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/08/Article-3-trading-view.jpg" alt="Source: TradingView" width="564" height="284" title="Bitcoin (BTC) Records First 2024 Death Cross – What It Means 32">
 <figcaption id="caption-attachment-38752" class="wp-caption-text">
 Source: TradingView
 </figcaption>
</figure> 
&nbsp; 
This bullish reversal overruled the previous death cross and led to a major price rally, with Bitcoin marking all-time highs near $74,000 in mid-March. Will history repeat itself with the Bitcoin price forming a bottom and hence another golden cross, or will the bearish trend continue the coming weeks will decide.&nbsp; 
&nbsp; 
<h2 id="strong-bottom-line-strong">Bottom Line</h2> 
As Bitcoin shows bearish sentiments, projects like Pawfury offer a glimpse of the innovative potential within the crypto space. By applying expert strategies and considering emerging presales, investors may find opportunities even in the most challenging market conditions. 
&nbsp; 
It’s important to note that while Pawfury stands out among these options with its lucrative presale, low entry cost, and 10% extra bonus, investors should always conduct their own research and due diligence. 
Stay tuned to <a href="https://thebitjournal.com/">TheBITJournal</a> for more updates on this topic.

Bitcoin (BTC) Records First 2024 Death Cross – What It Means

Table of Contents

The Bit Journal

Other articles published on Aug 13, 2024

Sui Price Takes A Strong Leap Amid Increased User Engagement

Nasdaq and BlackRock Propose Options for Spot Ethereum ETF: SEC Decision Expected by April 2025

Expert Analysts Predict MATIC Surge from Key Support Level

Tellor Antietam Testnet Now Live: A Milestone in Decentralized Oracles (13 Aug)

Bitcoin at ‘perfect’ macro setup, but dip below $58K risks $500M in liquidations

Marathon Digital Ramps Up Bitcoin Holdings Despite Market Stagnation

Join our free newsletter for daily crypto updates!