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Bitcoin Crois an Bháis 2022: An Rud a Chaithfidh Tú a Fháil Faoin gComhartha Marbhtach
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 D’fhéadfadh Deireadh a chur le Rith Tairbh
Thar ocht gcros bás iomlán sa chéad cryptocurrency riamh, is é an laghdú ar an meán laistigh de mhí ón gcros ach 25% (h/t Dan via TonyTradesBTC) - puny de réir caighdeáin 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 ReaperIs minic a úsáidtear crosbhealaí den sórt sin chun mearbhall a chur ar an margadh le linn na gcéimeanna comhdhlúthaithe. Roimh bhriseadh amach tarbh 2020, bhí dhá chros báis agus dhá chros órga. Mar thoradh ar chros bás suntasach amháin i mí Dheireadh Fómhair 2019, caidéal 42% an comhartha lá roimh ré.
In ainneoin an láidreachta, diúltaíodh do ghníomhaíocht praghais ar ais go dtí ísle nua, ach amháin go cros órga, cros báis, ansin cros órga arís. Roimh rith tarbh fabled 2016-2017, bhí bréige den chineál céanna ann freisin - a léirítear sa bhosca glas.
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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Íomhá faoi thrácht ó iStockPhoto, Cairteacha ó TradingView.comFoinse bunaidh: NuachtBTC