Bitcoin’s Death Cross
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Ahh, yes, the ominous-sounding Death Cross…a description of when bitcoin’s 50-day moving average crosses its 200-day moving average. Historically, this has indicated the end of a bull market. Notable death cross events in traditional markets include the Wall Street Crash of 1929 and the 2008 Financial Crisis. Bitcoin’s 50-day moving average (red) looks set to fall below its 200-day moving average (green). What are your plans if this happens? Obviously, we don't know shit about fuck, but 'analysts' predict a large sell-off at the $40k threshold. Are you buying the dip? Waiting for a double-dip? submitted by /u/joepurd |
