According to BitcoinSistemi, cryptocurrency analyst Colin Talks Crypto has drawn a comparison between Bitcoin's recent death cross and the one seen on January 14, 2022, at the start of a major bear market. The analyst noted that the recent formation, similar to 2022, did not trigger a strong recovery, suggesting Bitcoin may have already peaked at $126,000. Colin predicts a temporary relief rally in the coming months but cautions that it is likely to be a bear-market recovery rather than a new bull run.
Bitcoin Analyst Compares Recent Death Cross to 2022, Warns of Prolonged Downtrend
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