had a rough week, sliding on growing concerns about regulation, including in the.S. There's something in the charts that could have investors hitting the panic button. The longer it takes for BTC to take out 9,1809,470, the higher will be the risks of the "death cross given the weekly chart is biased to the bears. As of the date this article was written, the author owns no stake in bitcoin or cryptocurrency-related securities).
Bitcoin 's (BTC) three-day winning streak is encouraging for the bulls, but only a quick move above 10,500 would negate the risks of the so-called "death 6 high is intact. And furthermore, the imminent and scary-sounding "death cross" when the 50-day moving average (MA) will cut the 200-day. The cross of death or the death cross has already been detected on the price graphics of Bitcoin in 2015 and instead of falling downwards, the cryptocurrency has gained almost plus 300 - a big sum at the time considering that Bitcoin has found itself. HomeStrategy For BitcoinBitcoin death Cross Good News? I love you Steve, But I am not convinced about the Death Cross, The History of this Happening in BTC has been very mixed The last time the 50 Day MA "descended" through 200 Day MA The price down only 6 before it crossed.
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(See also: Bitcoin May Be Spared in Government Cryptocurrency Crackdown. A death cross occurs when the short-term moving average, which is an average of which direction a security is moving, breaks below its long-term moving average. Trump called the Fed 'crazy but here's why an expert says it won't stop future rate hikes. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Some analysts say that the death cross is not a good indicator for timing. A clear break above 9,470 would provide more power to the bulls. Double top neckline resistance (former support) stands at 9,280 (Feb.
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