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An analyst followed by a wide base of cryptocurrency investors says Bitcoin (BTC) bulls and bears will be caught up in an upcoming scam.
Cryptocurrency analyst Benjamin Cowen shared a new video with his 787,000 subscribers on YouTube. Here, BTC indicates that bull and bear investors will be crushed under the fake "death cross". According to him, this deceptive event will occur in the pre-halving period of Bitcoin.
According to Cowen, the reason why both sides, the bulls and the bears, are devastated is that BTC will experience a “death cross” that will fool investors and traders. A “death cross” occurs when an asset's 50-day moving average falls below its 200-day moving average, indicating that the asset may enter a more significant bear market.
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