Bitcoin Analyst Alerts of Looming ‘Bear Cross’ as Price Jumps Higher

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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