BTC prices surged to an intraday high of $62,790 during the Friday morning Asian trading session.
The move added 9.5% to the value of the asset over the past 12 hours as it climbed from its intraday low of $57,000 late on Aug. 8.
Bitcoin has now recovered around 25% from its dump to $49,800 on Monday following a bout of dip buying and is on track for recovery back to its range-bound channel and accumulation zone.
Death Cross Averted
In a post on X on Aug.9, analyst and ITC Crypto founder Benjamin Cowen said that Bitcoin would rally into its death cross.
The forecast has now materialized, and the bearish technical signal is in the past … for now.
On Monday on my YouTube channel I mentioned that we would likely see a #BTC rally into its death cross.
You can see that rally has now arrived.
So perhaps some context is needed –
What happened during prior death crosses?
Thread pic.twitter.com/pDbfYTseYs
— Benjamin Cowen (@intocryptoverse) August 8, 2024
A death cross is a technical
We współpracy z: https://cryptopotato.com/bitcoin-soared-to-almost-63000-following-death-cross-rally/
