{"id":437560,"date":"2022-04-26T11:21:14","date_gmt":"2022-04-26T08:21:14","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-repeats-rare-weekly-chart-signal-that-resulted-in-50-btc-price-dips\/"},"modified":"2022-04-26T11:21:14","modified_gmt":"2022-04-26T08:21:14","slug":"bitcoin-repeats-rare-weekly-chart-signal-that-resulted-in-50-btc-price-dips","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-repeats-rare-weekly-chart-signal-that-resulted-in-50-btc-price-dips\/","title":{"rendered":"# Bitcoin repeats rare weekly chart signal that resulted in 50% BTC price dips"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3f8f849116d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3f8f849116d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-repeats-rare-weekly-chart-signal-that-resulted-in-50-btc-price-dips\/#%E2%80%9D_Bitcoin_repeats_rare_weekly_chart_signal_that_resulted_in_50_BTC_price_dips_%E2%80%9C\" >&#8221; Bitcoin repeats rare weekly chart signal that resulted in 50% BTC price dips &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-repeats-rare-weekly-chart-signal-that-resulted-in-50-btc-price-dips\/#Analyst_BTC_could_spend_6_months_recovering_from_dip\" >Analyst: BTC could spend 6 months recovering from dip<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-repeats-rare-weekly-chart-signal-that-resulted-in-50-btc-price-dips\/#Dollar_strength_sparks_increasing_suspicion\" >Dollar strength sparks increasing suspicion<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_repeats_rare_weekly_chart_signal_that_resulted_in_50_BTC_price_dips_%E2%80%9C\"><\/span>&#8221; Bitcoin repeats rare weekly chart signal that resulted in 50% BTC price dips &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Bitcoin (BTC) is facing a rare chart phenomenon which has historically resulted in 50% price drawdowns, new data shows.<\/p>\n<p>In a tweet on April 25, popular account Nunya Bizniz noted a fresh warning sign from two key moving averages on BTC\/USD.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Analyst_BTC_could_spend_6_months_recovering_from_dip\"><\/span>Analyst: BTC could spend 6 months recovering from dip<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For only the third time in its history, Bitcoin\u2019s 20-week and 50-week moving averages (WMAs) have both started to slope downwards.<\/p>\n<p>While that may look harmless at glance, the result of the first two events \u2014 in late 2014 and late 2018 \u2014 was BTC\/USD losing over 50%.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BTC weekly:<\/p>\n<p>On 3 occasions the slope of both the 20 &amp; 50ma turned negative.<\/p>\n<p>The first 2 lead to 50%+ corrections.<\/p>\n<p>This time? <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/eIMsQ6dk8H\">pic.twitter.com\/eIMsQ6dk8H<\/a><\/p>\n<p>\u2014 Nunya Bizniz (@Pladizow) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Pladizow\/status\/1518414711800356865?ref_src=twsrc%5Etfw\">April 25, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Both came at similar points in Bitcoin\u2019s four-year halving cycles, and while slightly ahead of time, it has now been nearly as long since the 2018 dip, this bottoming out at $3,100.<\/p>\n<p>\u201cI think this chart draws valid parallels,\u201d longtime commentator and macro investor Tuur Demeester <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/tuurdemeester\/status\/1518806743370842113\">commented<\/a> on the findings. <\/p>\n<blockquote><p>\u201cIf bitcoin could not capitulate this time and hold above $35k, it would be an incredibly bullish sign. My base case scenario however, given how weak global markets look, is a downwards slide and 3-6 months of price recovery.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/63ed2a99-18fb-4919-802d-40b56e4116b8.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-week candle chart (Bitstamp) with 20WMA and 50WMA. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>In mid-March, the 20WMA crossed under the 50WMA, data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a>\u00a0shows,\u00a0in what is commonly known as a &#8220;death cross&#8221; move among chartists. Despite its name, the phenomenon has not always resulted in significant losses.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dollar_strength_sparks_increasing_suspicion\"><\/span>Dollar strength sparks increasing suspicion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As Cointelegraph reported, consensus continues to form over a protracted period of price weakness for Bitcoin, which should come in line with a correction on heavily-correlated global stock markets.<\/p>\n<p><strong>Related:\u00a0Bitcoin spoofs $39.5K breakout at Wall St open as Elon Musk <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> takeover nears<\/strong><\/p>\n<p>The strength of the U.S. dollar in the face of anti-inflation maneuvers by the Federal Reserve is also in focus as a preemptive warning sign for those forecasting a shock event after two years of liquidity printing.<\/p>\n<p>\u201cDXY <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roaching multi-decade highs,\u201d analyst Dylan LeClair continued in a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DylanLeClair_\/status\/1518655830748504065\">fresh Twitter thread<\/a> on the topic Monday.<\/p>\n<blockquote><p>\u201cThe USD continues to strengthen against foreign fiat currencies, tightening financial conditions. A breaking point for a historically over-leveraged economic system is approaching, by design.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/b5400d69-7135-485e-8e9c-12db9a264a2b.png\"><figcaption style=\"text-align: center;\"><em>U.S. dollar currency index (DXY) 1-week candle chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>For LeClair, it is very much a case of short-term pain, long-term gain for BTC hodlers. The recovery will come via a \u201cpivot\u201d by the Fed, which will be unable to sustain inflation-busting monetary tightening for long.<\/p>\n<p>\u201cFed will eventually be forced to switch back to easing, as a deep global recession will follow any sustained period of monetary tightening,\u201d he forecast. <\/p>\n<blockquote><p>\u201cSupply chain wreckage from Ukraine conflict &amp; China lockdowns with this level of global indebtedness = sovereign defaults. BTC will fly.\u201d<\/p><\/blockquote>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-repeats-rare-weekly-chart-signal-that-resulted-in-50-btc-price-dips\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin repeats rare weekly chart signal that resulted in 50% BTC price dips &#8220; Bitcoin (BTC) is facing a rare chart phenomenon which has historically resulted in 50% price drawdowns, new data shows. In a tweet on April 25, popular account Nunya Bizniz noted a fresh warning sign from two key moving averages on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":437561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMjE0ZmUxNzUtNjg1MS00NGRjLThhNjUtNGQ3YWU2OWYwNGQzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-437560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=437560"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437560\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/437561"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=437560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=437560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=437560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}