Deur NewsBTC - 2 jaar gelede - Leestyd: 2 minute
Bitcoin Death Cross 2022: Wat jy moet weet oor die dodelike sein
All across crypto, fear is in the air. Not only is the market shaken from the recent downtrend, but there’s an extra layer of doom and gloom due to an impending “death cross” in Bitcoin.
Learn all about the ominous sounding crossover of two commonly watched moving averages, what the signal could mean, and how Bitcoin price has reacted in the past.
The "death cross" is nigh | Source: BTCUSD on TradingView.com Does The Bitcoin Death Cross Mean Doom And Gloom For Crypto?Bitcoin price on daily BTCUSD charts is only days away from completing a “death cross.” According to Investopedia, “a death cross is a technical chart pattern indicating the potential for a major sell-off.” It occurs when a short-term moving average (in this case the 50-day MA) crosses below a long-term moving average (the 200-day MA).
The signal tells investors that the asset’s growth has slowed and is showing potential of a bear trend. Long-term price depreciation is possible. However, in Bitcoin, things don’t always behave the way they should.
Related Reading | 2022: The Year The Secular Bitcoin Bull Run Could End
Oor agt totale doodskruisings in die eerste kripto-geldeenheid ooit, is die gemiddelde daling binne 'n maand vanaf die kruis slegs 25% (h/t Dan via TonyTradesBTC) – swak volgens kripto-standaarde.
The opposite signal, golden crosses, also don’t always have a positive impact, either. In fact, Bitcoin price is lower now today than it was when the last golden cross triggered.
The history of death and golden crosses in emoji | Source: BTCUSD on TradingView.com Data Shows Whether Or Not You Should Fear The ReaperSulke oorkruisings word dikwels gebruik om die mark te verwar tydens konsolidasiefases. Voor die uitbreek van die bul in 2020 was daar twee doodskruisings en twee goue kruise. Een noemenswaardige doodskruising in Oktober 2019 het gelei tot 'n 42% pomp die dag voor sein.
Ten spyte van die sterkte, is prysaksie verwerp terug tot nuwe laagtepunte, net tot goue kruis, doodskruis, dan weer goue kruis. Voor die legendariese 2016-2017-bulloop was daar ook 'n soortgelyke vervalsing – uitgebeeld in die groen blokkie.
Related Reading | The Hidden Bitcoin Trend Line That Could Save The Bull Run
Prior to the 2014-2015 bear market, however, there was a death cross, golden cross, back into a death cross fakeout that closely mimics the situation brewing in Bitcoin right now in the red box.
Another such example could result in a renewed bear phase. But the data otherwise shows that the “death cross” is not a reaper you need to fear.
How will #Bitcoin . React to the “death cross”
— NEWSBTC (@newsbtc) January 12, 2022
Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice.
Voorgestelde beeld van iStockPhoto, grafieke van TradingView.comOorspronklike bron: NewsBTC