Bitcoin traders are bracing for a death cross, but the much-feared technical indicator could end up being a buying opportunity
Analysts, however, claim that the scary-sounding death cross tends to be a lagging indicator since it merely reflects the cryptocurrency’s past performance.that virtually all previous death crossed ended up being buying opportunities based on his analysis:
Some people say it’s bearish, but for Bitcoin, just about all previous death crosses or golden crosses have proven to be a good buying opportunity. Bitcoin printed a death cross in June just days before the cryptocurrency touched a local bottom of roughly $28,500. The flagship cryptocurrency eventually regained momentum in August and ended up printingOne, however, should not completely rule out a possible bearish scenario.
After Bitcoin printed a death cross in 2018, it was followed by a 55% price correction. It took over a year for a golden cross to appear. A similar scenario also played out during the 2014-2015 bear market. Historically, Bitcoin tends to record
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