Bitcoin Leads the Charge for Crypto. See why:
at that level. Because of this, it looks to me like the market is probably going to try to recapture the 200 day EMA, which currently sits at the $46,882 level. The 50 day EMA is starting to sink towards the 200 day EMA, forming the so-called "death cross”, but we are not there yet and that indicator ends up being late more often than not. In fact, when you break down below the 50 day EMA, quite often a market will be above it within one month.
Full disclosure: I have been putting my money into Ethereum, but they do tend to move in the same direction.
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