Today we are reaching the Death Cross... And this is why I think it is bullish

Today we may reach the point of the Death Cross. For those who don't know, if you look at the BTC daily chart, the M50 crosses the M200, normally this is a strong sign of bear market.

We have been talking about this Death Cross for several days, it was clear that it was coming soon, there was no way to avoid it unless BTC suddenly went up to 56,000$. Many investors, looking at the TA, didn't want to invest long until this sign has been left behind.

However all the fundamentals are running on favour of BTC: everyday we have news of another bank adopting BTC, another country that takes a step forward to BTC adoption, big companies anouncing crypto implementation, new applications, NFT games, etc, based on blockchain... So why are we still stuck in the 30k's? I don't know for sure (nobody does), but I think one of the main reasons is the threat of the Death Cross. But the Death Cross normally is a consequence of a bearish market, not the reason. And in our case BTC has already suffered the down trend, halving from 60k$ to 30k$ its value.

Not every Death Cross was followed by a big dip, sometimes yes, but sometimes it was preceded by the big dip, and after the Death Cross it stayed stable for a while and then went up again.

Now that we finally reach the Death Cross, unless we suffer a huge dip, which is unlikely considering the fundamentals (but always possible considering that we know how volatile cryptomarket is...), after a few days the next big sign ahead of us will be the Golden Cross! And with this in mind, people lose the fear of the Death Cross, and may look at the opportunity of the Golden Cross before they miss it.

It doesn't mean that BTC will start mooning tomorrow, it may take a few days/weeks of crab market, slowly climbing until the TA looks good.

Maybe I am just feeling too optimistic, who knows. Let's see with the time ????

No finantial advice. Sorry for my English.