Analyst: Bitcoin's 10-week and 50-week moving averages cross again; if history repeats, a deep correction may occur

PANews reported on January 1 that crypto analyst Ai (@alicharts) posted on X that a crossover has occurred between bitcoin's 10-week and 50-week moving averages. Historical data shows that after such an event, significant corrections have followed, including: a 67% drop in September 2014, a 54% drop in June 2018, a 53% drop in March 2020, and a 64% drop in January 2022. If history repeats itself, a similar 50%–60% correction would bring bitcoin's price down to between $38,000 and $50,000.