#BTC is down -40% since the Death Cross occurred in early Jan '22
History suggests that whenever a Death Cross occurs, #Bitcoin experiences deeper downside
Now that one has occurred, what could we potentially expect?
Here's a thread with my analysis about the $BTC Death Cross:
I devoured 50 years of Warren Buffett shareholder letters.
The result?
12 timeless principles from the greatest investor in the world.
Here are the golden nuggets🧵
#Bitcoin has a 4 waves pattern that happens every cycle. These 4 waves are demand waves and happen when a lot of money flows into Bitcoin in a short timeframe. The 4 waves are clearly visible in the Realize Cap HODL Waves indicator
41K held (so far).
Next week, sharp rebound and a recovery above year-long average at 44.6K --> bulls will have the upper hand.
$BTCUSD #cryptocurrency