The Bitcoin death cross already happened a few days ago and we actually went up $2000 since then, showing once again that it is a lagging indicator, not some crystal ball.

I think many of us may still vividly remember the situation of a few days ago where some short-term fear erupted on this sub about an ongoing death cross on the BTC chart, which is probably just a routine by now in the whole Crypto world. Even after so many previous lessons about this, people keep panicking over it as if it is the end of the world, partially also due to Crypto media making a gazillion articles about this.

Just to make sure, a BTC death cross is when a lower time-frame Moving Average crosses below a higher-time frame Moving Average, indicating that the current price movement is below the average of the previous weeks. That‘s literally it.

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Bitcoin price-performance of +9.5% since the last Death Cross on the 11th September

Here we can see that BTC death cross happening on the 12th September and since then we had a price movement of *checks notes* of +9.8% (as of this writing), which is not only a very small number for Crypto and the fact that it happened over two weeks, but it is also a green number. So basically the opposite of what many feared to happen due to the death cross.

The reason for that is simple and logical, the death cross is a LAGGING INDICATOR. I really can‘t stress this enough, as I am 100% sure that some many people in a bull market are going to create mass hysteria for this death cross. All it does is show the past price action that already happened and the situation we are already in. That trend can continue or not, the death cross can‘t predict that.