99 Bitcoins: Bitcoin survived clinical death and again rose above the cross of death

Bitcoin survived 474 clinical deaths and was successfully revived, data from 99 bitcoins says. The portal keeps track of all cases where the media mentions that BTC is finally dead.

The cost of the first cryptocurrency crossed the mark of $26, which gave the crypto community hoping for a quick end of the crypto winter. In any case, such a conclusion can be drawn based on the growth of the asset by 33% over the past seven days. On the evening of Friday, March 17, the BTC price hovered around $26.

Further inspiration may come from the fact that the resurgence of the crypto market could happen right now as the price of bitcoin crossed the death cross within a week.

Since the “death cross” is a proven bearish signal, overcoming it becomes the best argument in favor of the approach of a crypto spring, and with it a new bullish trend.

At the same time, market experts draw attention to another fundamental sign of a likely recovery. Thanks to the proof-of-work (PoW) system at the heart of the Bitcoin blockchain, the crypto community may have some idea of ​​the theoretical price level. The fact is that the prices of commodity-like assets move towards the costs of their production - after supply exceeds demand.

Charles Edwards, founder and chief executive of investment firm Capriole, said breaking the $26 mark makes the level particularly important given the value of the asset. According to the businessman, the excess of previous levels has led to one of the largest uptrends in recent years. If the BTC/USD ratio can exceed $000, then it can be said that the crypto winter is finally over.

The other day, Charles Edwards said that Bitcoin is gearing up for a “perfect $100 push.”