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Bitcoin forms a death cross. The last time it did it fell 63%
A death cross has formed on the bitcoin daily chart as the 50-day moving average falls below the 200-day moving average.The last time there was a death cross, bitcoin fell from $42,400 down to $15,700 from January to November of 2022 -- a 63% decline.It's a popular technical indicator but it's not infallible. The previous death cross was in June 2021 and it was only followed by a 20% decline and a death cross in 2020 wasn't followed by any selling at all.This week, a test of $25,000 found buyer...
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Posted: Sep 13 2023, 19:34
Author Name: forexlive
Views: 111418