Bitcoin Analyst Alerts of Looming ‘Bear Cross’ as Price Jumps Higher
Even as the bitcoin price jumps against favorable macro fundamentals, a chartist sees the cryptocurrency moving downwards in the coming sessions. The pseudonymous analyst pitched a highly bearish scenario for BTC/USD on Monday. He envisioned that the pair’s 50-day moving average would close below its 100-day moving average, leading to the formation of a so-called “Bear Cross” – also known as ‘Death Cross’ among financial pundits. Traders typically perceive Death Crosses as a sign of […]
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Don’t spend your days watching bitcoin charts trying to find the best time to buy or sell, just get alerts. Many people complain about the volatility of bitcoin, but a good bitcoin alert tool allows you to turn volatility into opportunity. Coindera is a new bitcoin alert platform that monitors 100+ cryptocurrencies. Users can create all types of alerts: volume alerts, price alerts, regular alerts and even moving averages such as the EMA & SMA so you can spot trends. Coindera recently launched at The North American Bitcoin Conference and I had the opportunity to speak with Adam Evers the....
Despite the ongoing bear market and bitcoin price decline, some analyst still retains their confidence in Bitcoin. The Bloomberg Analyst Mike McGlone is one of them. He took to Twitter on Wednesday to express his thoughts about the most popular cryptocurrency. The analyst strongly believes that Bitcoin will bounce back from the bear market. McGlone […]
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