Bitcoin Death Cross That Last Preceded A 66% Drop Is Back - TradingView

A "Death Cross" pattern has re-emerged in Bitcoin's trading charts, which historically signals a bearish trend. This technical indicator, characterized by the 50-day moving average crossing below the 200-day moving average, previously preceded a significant 66% price drop. Traders are closely monitoring this development as it may indicate potential further declines in Bitcoin's value.

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Source: Google News Crypto · Report an issue