There is a “Death Cross” Alarm in Bitcoin: Here’s What to Expect

According to analysts, Bitcoin may face a new wave of selling as graphical indicators point to potential downside risks in the cryptocurrency market.

According to analysts, despite the recent short-term recovery, a “death cross” between the 50-day and 200-day moving averages is seen as a bearish signal.

“The 50-day and 200-day moving averages, two very popular moving averages, have drawn the so-called ‘death cross’ line, which does not add optimism to the crypto market in the medium term,” YouHodler Risk Manager Sergei Gorev said.

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While the Bitcoin market charts could be pointing to a potential recovery following the recent price drop, Gorev emphasized that a new wave of cryptocurrency selling could be on the horizon. This technical formation often precedes further declines, adding to the uncertainty surrounding the market’s recovery, Gorev said.

A “death cross” occurs when a short-term moving average crosses below a long-term moving average and typically signals a transition from bullish to bearish momentum.

*This is not investment advice.

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