Express

Dreaded Bitcoin Indicator That Crashed Price To $3.1K Returns

Janelle Fox

Summary: Despite Bitcoin’s (BTC) recent bullish run, a dreaded technical indicator is giving an alarming view of the bitcoin market. The coins latest price cycle bears a striking resemblance to the aptly named Death Cross, a technical pattern that crashed BTC’s price all the way down to $3,120 in late 2018. The Death Cross occurs when ...

Despite Bitcoin’s (BTC) recent bullish run, a dreaded technical indicator is giving an alarming view of the bitcoin market.

The coins latest price cycle bears a striking resemblance to the aptly named Death Cross, a technical pattern that crashed BTC’s price all the way down to $3,120 in late 2018.

The Death Cross occurs when BTC’s long-term moving average closes under its near-term moving average, then BTC’s long-term moving average struggles to rise back above its near-term moving average, causing the value of the coin to plummet.

By Janelle Fox

Last Update:

Tags: ,,
Link: Dreaded Bitcoin Indicator That Crashed Price To $3.1K Returns   [Copy]
Next:

Related Articles

  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 1 day ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 4 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 5 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 8 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 9 days ago

    • You need to login to comment.