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Bitcoin Death Cross 2022: Ang Kinahanglan Nimong Mahibal-an Bahin sa Makamatay nga Signal
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
Taliwala sa walo ka kinatibuk-ang mga krus sa kamatayon sa labing una nga cryptocurrency, ang kasagaran nga pag-ubos sa sulod sa usa ka bulan gikan sa krus kay 25% ra (h/t Dan pinaagi sa TonyTradesBTC) - gamay sa mga sumbanan sa crypto.
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 ReaperAng ingon nga mga crossover, sagad gigamit aron malibog ang merkado sa mga hugna sa pagkonsolida. Sa wala pa ang 2020 bull breakout, adunay duha ka death crosses ug duha ka golden crosses. Usa ka bantog nga krus sa kamatayon kaniadtong Oktubre 2019 miresulta sa 42% nga bomba sa miaging adlaw nga signal.
Bisan pa sa kalig-on, ang aksyon sa presyo gisalikway balik ngadto sa bag-ong mga ubos, sa bulawan nga krus, kamatayon nga krus, dayon bulawan nga krus pag-usab. Sa unahan sa fabled 2016-2017 bull run, adunay usab susama nga fakeout - nga gihulagway sa green nga kahon.
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
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Gipakita nga imahe gikan sa iStockPhoto, Mga Tsart gikan sa TradingView.comAng orihinal nga tinubdan: NewsBTC