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Death Cross
Bitcoin’s dominance in the cryptocurrency market has slipped below 60%, and a rare Death Cross pattern has now formed on … Continue reading
The post Bitcoin chart shows worrying Death Cross appeared first on Finbold.
Bitcoin swooned, and crypto markets followed. Should blockchain-project founders and developers be worried? PLUS: We break down Ronin Network’s $12 million run-in with white-hat hackers.
A death cross occurs when a short-term moving average drops below a long-term moving average, signaling a potential long-term bearish shift in momentum.
Moving average crossovers are lagging Indicators. That said, the latest death cross is consistent with the dour regulatory outlook.