value of the bitcoin briefly slipped below 8,000, but has since recovered. Vote to see results, total Votes: Not a Scientific Survey. It can occur in individual stocks or in various funds, as well as in other assets like cryptocurrency.
China and, south Korea. As that point, both short- and long-term moving averages tend to fall, so a death cross is a bearish signal indicating further losses.
Dollar (BTC/USD) exchange rat e may have come to a halt at 4,470 on Monday, but bulls appear. Bitcoin s chart shows the cryptocurrency is nearing a de ath cross.
In such a case, BTC will likely drop to levels below 8,000. If these levels hold, then it will confirm the uptrend from August is still valid.". 4-hour chart, the above chart shows the pullback occurred after BTC was rejected (marked by a circle) at the inverse head-and-shoulders neckline resistance of 9,950. As for a possible downside, only two consecutive day-end closes below the 10-day moving average would abort the bullish view on bitcoin. Bitcoin has plunged about 38 percent year to date, but would still need to fall another 88 percent to erase all of the 2017 gains.
The term is used to describe a crossover of the 50-day moving average and. Chart analysts are seeing an alarming pattern in bitcoin s rec ent trends, one they call a death cross.