Bitcoin’s plunge back below $9,000 has the cryptocurrency facing a dreaded death cross. This occurs when the 50-day moving average breaks below its 200-day counterpart on a closing basis. As the name implies, it’s considered a bearish development.
This would be the first death cross for Bitcoin since 2015.
[IMAGE: https://steemitimages.com/DQmdupfn36TinbHPqwhhbYMFzsnwNEBNkqRdzF3yR1PQSum/bitcoin-afp-2.jpg]
BITCOIN "DEAD CROSS"???
BY: @arnab1996 | CREATED: May 13, 2018, 1:16 p.m. | VOTES: 0 | PAYOUT: $0.00 | [ VOTE ]
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@steemitboard | Jan. 23, 2019, 2:18 p.m. | Votes: 0 | [ VOTE ]
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