A recent technical pattern on Bitcoin’s (BTC) price chart has caught the attention of crypto analyst ‘Mags,’ who noted that the cryptocurrency had printed a bearish death cross. This technical indicator, where the 50-day Moving Average (MA) crosses below the 200-day MA, suggests a potential downturn for Bitcoin. It is the second such pattern Bitcoin has experienced since hitting a low of $15,500.

Mags highlighted that the previous death cross in September 2023 resulted in sideways trading before Bitcoin recovered and triggered a bullish rally. If this trend repeats, Bitcoin could experience several weeks of choppy price action before potentially regaining momentum.

ETFSwap (ETFS) Attracts Investors Amid Bitcoin Weakness

As Bitcoin’s price faces potential short-term weakness, investors are exploring alternatives like ETFSwap (ETFS). ETFSwap is an innovative crypto platform that offers access to tokenized ETFs backed by real-world assets. Investors are diving into ETFSwap’s presale, eager to take advantage of its potential for high returns.

ETFSwap’s ERC-20 token, ETFS, powers the platform, offering various benefits such as advanced trading tools, real-time market data, and the opportunity to earn up to 10X on trades. The platform prioritizes user privacy and security, with audits completed by cybersecurity firm CyberScope and KYC verification by SolidProof.

Record-Breaking Highs Predicted for ETFSwap (ETFS)

Analysts are bullish on ETFSwap’s future, predicting that its token could reach record-breaking highs after the ongoing presale. With the current price of ETF tokens at $0.01831, investors are encouraged to accumulate as many tokens as possible before the price surges in the next presale stage.

ETFSwap’s presale has already sold over 400 million tokens and raised more than $3 million, demonstrating strong demand. As the presale progresses, investors see this as a rare opportunity to secure future profits by getting in early.