$BTC dumps on golden crosses are normal. What matters is the bounce after.
In 2019 and 2023, $BTC dumped into the golden cross then printed a higher high — confirming the bear market was over.
In 2014/2015, $BTC dumped into the golden cross then printed a lower high — and the bear market continued.
A higher high would likely mean a weekly close above the 50-week SMA, which is a reliable signal that the bear market is done.
A lower high rejected at the 50-week would signal the Q4 low is still on schedule.
The dump we're seeing now has happened before in both bear markets and early bull markets. The key question: does btc print a higher high above the 50-week, or get rejected again?
In 2019 and 2023, $BTC dumped into the golden cross then printed a higher high — confirming the bear market was over.
In 2014/2015, $BTC dumped into the golden cross then printed a lower high — and the bear market continued.
A higher high would likely mean a weekly close above the 50-week SMA, which is a reliable signal that the bear market is done.
A lower high rejected at the 50-week would signal the Q4 low is still on schedule.
The dump we're seeing now has happened before in both bear markets and early bull markets. The key question: does btc print a higher high above the 50-week, or get rejected again?
