Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: codehash on January 17, 2022, 12:19:28 AM
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Bitcoin (BTC) formed a trading pattern on Jan. 8 that is widely watched by traditional chartists for its ability to anticipate further losses.
In detail, the cryptocurrency's 50-day exponential moving average (50-day EMA) fell below its 200-day exponential moving average (200-day EMA), forming a so-called “death cross.” The pattern appeared as Bitcoin underwent a rough ride in the previous two months, falling over 40% from its record high of $69,000.
(https://s3.cointelegraph.com/uploads/2022-01/5cb91d62-7e02-4fff-a6ad-b4f35cf10d4a.png)
https://cointelegraph.com/news/will-this-time-be-different-bitcoin-eyes-drop-to-35k-as-btc-price-paints-death-cross