BlockBeats News, March 2nd, Analyst @alicharts recently stated that the death cross of the 50 and 200 Simple Moving Averages on the 3-day Bitcoin candlestick chart occurred on February 27th, a signal that has historically foreshadowed the final drop in a bear market.
The article referenced historical data since 2014, pointing out that Bitcoin has typically dropped around 50% after this indicator appeared in each bear market cycle.
