BlockBeats News, November 7th, according to analyst @ali_charts, if Bitcoin falls below the “bear-bull line” 50-week moving average, it indicates the arrival of a bear market. This pattern has been validated by the trends in 2011, 2014, 2018, and 2020.
If this previous trend is replicated, Bitcoin will face a 60% decline, meaning it will bottom out near $40,000.
