Greetings to all my dear readers and followers of this important community and platform, continuing with my publications today I will share with you a small analysis on the trend that can take the main cryptocurrency market as it is the Bitcoin (BTC), no doubt this is one of the concerns that many investors have shown after the BTC fell back twice in less than two weeks its value in the market.
At the end of 2021 and the beginning of 2022, the cryptocurrency market has been involved in a very worrying ups and downs because it still does not define the direction it will take and mainly which direction will take the main cryptocurrency in the market, the BTC, This situation has many investors waiting to know if the market will have a downtrend or an uptrend, according to the New Zealand expert in the cryptomarket Lark Davis says that the BTC is heading to a death cross that would put the market in a downtrend.
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This specialist or expert in cryptomarket and who has more than 830,000 followers on Twitter and 480,000 followers on Youtube said that in the cryptocurrency market specifically in the case of BTC is about to appear the death cross, this is an event that puts the BTC in a major setback such as the one we experienced in June last year where the BTC went from being at $ 64,000 to $ 28,000 which represented a decline of 56% of its value. This death cross event has occurred 8 times in the history of BTC and is one of the worst fears that investors face.
From my point of view I believe that the BTC will remain for a few more weeks in this small sideways that it is doing and we must analyze it well in order to determine what trend it will have and see if we should prepare for a massive sale or a massive purchase of this important cryptocurrency. It is also important to note that recently the BTC broke the resistance of $ 40,000 downward placing its value at $ 39,712 which implies a possible downward trend, all this certainly puts us in an uncertainty, but always with the clarity that the crypto world will be the one who dominates the world economy in the medium term.
