⸺ Obituary · February 25, 2024 ⸺
“Bitcoin: Why A Drop Below $50.5K Will Be Bad News”
Dipayan Mitra
“AMBCrypto reported earlier that BTC may witness a short-term price correction as there was a movement of coins from long-term holders (LTHs) to short-term holders (STHs). The token’s Binary CDD continued to remain red, meaning that long-term holders’ movements in the last seven days were higher than average. Its aSORP was also red. This suggested that more investors were selling at a profit. In the middle of a bull market, it can indicate a market top.”
Price at death
$51,731
Today
$61,577
Resurrection
×1.2
On 2024-02-25, Dipayan Mitra (Journalist) declared Bitcoin dead via AMB Crypto. Bitcoin was trading at ~$51,731 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 25, 2024, when one Bitcoin traded for approximately $51,731. Since then, Bitcoin has appreciated by 19% relative to the price on the day AMB Crypto pronounced it finished.
