Bitcoin Price Eyes $133,000 Despite Looming Death Cross – On-Chain Data Flips Bullish
Bitcoin (BTC) is on the verge of forming a death cross as the 50-day Simple Moving Average (SMA) nears a bearish crossover with the 200-day SMA. Historically, a death cross has preceded notable rallies in Bitcoin price. On-chain data is also favoring bullish traders as signs of a bottom formation emerge. BTC trades at $105,049…