Bitcoin Bottom in Sight? Technicals and Lunar Cycles Point to November Reversal

Bitcoin (BTC) traders anticipate a local bottom forming in mid-November, as the 50-day simple moving average (SMA) is set to cross below the 200-day SMA near $100,000, a pattern that has often marked local bottoms. In addition, some analysts are overlaying lunar phases on price charts, noting that First Quarter moons often precede rallies extending into Full or Third Quarter moons. These contrasting strategies, classic technical analysis and the use of lunar phase timing, are capturing attention as Bitcoin tests critical supports. Death Cross and Key Support Levels Indicate November Bottom The expected intersection of Bitcoin’s 50-day and 200-day SMAs, often called a death cross, could occur in mid-November near $100,000 source: https://beincrypto.com/bitcoin-technical-lunar-phases-november-bottom/