Technical analysis by AHoboWithAStick about Symbol BTC on 8/11/2023

During the previous 2 cycles, once BTC 's 100d-MA fell below the 600d-MA (death cross), BTC 's price proceeded to capitulate to at or near the bear market lows. Once BTC 's 100d-MA moved above the 600d-MA (golden cross), the 100d-MA did not come back down below the 600d-MA until the following cycle's lows. Moving now to the current cycle, BTC 's 100d-MA once again fell below the 600d-MA on May 13 2023. BTC 's price then proceeded to capitulate down to the current cycle's low (~$15,473). Then on July 26 2023, BTC 's 100d-MA moved above the 600d-MA. Now we just need to wait and see if the trend holds. Confirmation won't be known until either the next bull cycle really kicks off, or if the 100d-MA is not able to hold above the 600d-MA before price can reach a new ATH. Death to the Golden Cross