Glassnode: BTC has shown a death cross signal, which may indicate a bearish trend in the next 3-6 months
ChainCatcher message, Glassnode posted on platform X that a signal similar to a death cross has appeared on the Bitcoin chain. The 30-day volume-weighted price of Bitcoin has fallen below the 180-day volume-weighted price, indicating a weakening momentum.
Historically, this pattern often signals a bearish trend in the following 3 to 6 months.
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