**Bitcoin's "Death Cross" Drama: Bear Trap or Bull Run? 🐻➡️🐂**
- Bitcoin's price is flirting with a "death cross," where the 50-day SMA dips below the 200-day SMA. Sounds spooky, right?
- Fear not! Crypto analyst Timothy Peterson says it's more of a "bear trap" than a death sentence. Historically, BTC often rallies after such events.
- Since 2015, BTC has surged 67% of the time within two months post-death cross. Median return? A cool +18%.
- Pseudonymous trader Trader Tardigrade predicts a "super bull rally," likening the current dip to BTC's 2016-2017 parabolic run.
- Bitcoin is currently trading at $55,056, eyeing resistance at $56,000.
Stay tuned, and HODL on! 🚀