Bitcoin is aiming at this ‘juicy level’ despite death cross formation

Despite forming a traditionally bearish technical pattern, Bitcoin (BTC) appears to be setting the stage for a new record high, which could see the asset rally by about 80%. Specifically, prominent online trading analyst TradingShot observed that on April 4, Bitcoin completed a one-day death cross, where the 50-day moving average (MA) crossed below the 200-day MA.  While this is often seen as a negative signal, during the ongoing 2023 to 2025 bull cycle, this pattern has instead preceded major rallies, acting as a powerful buy signal, he said in a TradingView post on April 4. Bitcoin price analysis chart source: https://finbold.com/bitcoin-is-aiming-at-this-juicy-level-despite-death-cross-formation/