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Bitcoin Death Cross 2022: What You Need To Know About The Deadly 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
Muchinjika michinjikwa misere yerufu mukutanga zvachose cryptocurrency, avhareji inodonha mukati memwedzi kubva pamuchinjiko ingori 25% (h/t Dan kuburikidza neTonyTradesBTC) - puny ne crypto zviyero.
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 ReaperMacrossovers akadaro, anowanzo shandiswa kuvhiringa musika panguva yekubatanidza zvikamu. Pamberi pekubuda kwenzombe 2020, pakanga paine michinjikwa miviri yerufu nemichinjikwa miviri yegoridhe. Muchinjikwa werufu unozivikanwa muna Gumiguru 2019 wakakonzera kupomba kwe42% zuva rapfuura chiratidzo.
Zvisinei nesimba, chiito chemutengo chakarambwa zvakare kusvika pakudzikira kutsva, chete pamuchinjikwa wegoridhe, muchinjikwa werufu, tevere muchinjikwa wegoridhe zvakare. Pamberi peiyo fabled 2016-2017 nzombe inomhanya, pakanga paine zvakare yakafanana fakeout - inoratidzwa mubhokisi rakasvibira.
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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Yakaratidzwa mufananidzo kubva kuStockPhoto, Chati kubva ku TradingView.comOriginal source: NhauBTC