Bitcoin’s death cross confirmation may mean BTC is officially in a bear market

A rare death cross has been confirmed on Bitcoin’s price chart, suggesting that the bear market has just started. Will dip buyers be able to defy the trend?

Key takeaways:

Bitcoin’s death cross, which previously led to 64%-77% BTC price declines, has flashed again.

Mounting selling pressure is prompting many investors to sell their BTC holdings at a loss. 

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