Bitcoin

Hypothesis: Is there a very difficult situation ahead?

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The following conditions are a hypothesis.
Look at the conditions below. Is a deeper downtrend ahead?
1- The 50-week moving average crossed down the 200-week moving average for the first time in Bitcoin history - a crossover that could indicate the depth of the bearish trend compared to previous cycles.
2- For the first time in its history, Bitcoin lost the support of the trend line that it supported since 2013
3- A plotted parallel channel, if valid, Bitcoin will fall to $8,000
What do you think about this death scenario?

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