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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
Sakuliah dalapan total maot crosses dina cryptocurrency munggaran kantos, teundeun rata-rata dina sabulan ti salib téh saukur 25% (h / t Dan via TonyTradesBTC) - puny ku standar 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 ReaperPersilangan sapertos kitu, sering dianggo pikeun ngabingungkeun pasar nalika fase konsolidasi. Sateuacanna 2020 banteng breakout, aya dua salib maot sareng dua salib emas. Hiji salib maot anu kasohor dina Oktober 2019 nyababkeun pompa 42% dina sinyal dinten sateuacanna.
Sanajan kakuatanana, aksi harga ditolak deui ka lows anyar, ngan pikeun cross emas, cross maot, lajeng cross emas deui. Dihareupeun fabled 2016-2017 bull amprok, aya ogé fakeout sarupa - digambarkeun dina kotak héjo.
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) 12 Januari 2022
Tuturkeun @TonySpilotroBTC on Twitter atawa gabung TonyTradesBTC Telegram pikeun wawasan pasar poean ekslusif jeung atikan analisis téhnis. Punten dicatet: Eusi atikan sareng henteu kedah dianggap nasihat investasi.
Gambar anu dipidangkeun tina iStockPhoto, Bagan ti TradingView.comsumber aslina: NewsBTC