The death cross is quite an integral part of technical analysis. Such a crossover occurs when a short-term moving average falls below a major long-term moving average. Conventionally, the death cross brings along with it bearish momentum and suggests a down flip in the price.
As illustrated below, Bitcoin’s 50 DMA is on the verge of falling below the 200 DMA. At press time, there was just a $50 difference between the two on the 4-hour timeframe.
Parallelly, on the weekly timeframe also, Bitcoin’
As illustrated below, Bitcoin’s 50 DMA is on the verge of falling below the 200 DMA. At press time, there was just a $50 difference between the two on the 4-hour timeframe.
Parallelly, on the weekly timeframe also, Bitcoin’
