Currently, BTC holders are feeling the pain as we trek our way through the bearish market, post the death cross we experienced in January '22 when things started really hittin' the fan.
When the 50d SMA overtakes the 200day SMA, many will convinced we've officially switch directions - when this occurs, we call it the Golden Cross. 👑
Based on a very rough linear projection, it could be as far out as November before HODLR's might be so blessed as to get back into bullish territory. The projected price point would be approximately 27k, which aligns with the distribution fann set-up at the time of the previous Golden Cross from Sept 2021, just about a year ago.
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