As predicted by this rise of Bitcoin, there was hope for many investors and it was started to talk about whether the price could rise to $ 10,000 before May. Although Bitcoin Halving’s approaching especially increased the price expectations of investors, there was no positive signal on the horizon. Looking at the graph, where the 50-day moving average is below the 200-day moving average, it can be seen that there is a signal known as the “death intersection” at $ 8,300 levels. This indicates that Bitcoin bulls will have a harder time reaching $ 8,300. Bitcoin pressed its 24-hour rise according to the press time and after it reached $ 6,900, it declined again to $ 6,400. Even bitcoin exceeding $ 7,000 will lead to a serious bullish prospect until $ 8,300 comes due to the apparent death intersection.
