Bitcoin Watch – ‘Death Cross’ looms for Bitcoin

With Bitcoin’s value dropping below USD8,000 over the last week, the inevitable ‘Death Cross’ is looming. Investors tend to use a ‘Death Cross’ trend as a means for understanding future values, and while cryptocurrencies are nothing but standard this sign could easily be pointing to a grim future for investors. ‘Death Cross’ simply means a crossover of the 50-day moving average and the longer-term 200-day moving average. Of course, the crossover means the 50-day average falls below the 200-day average.

Stay updated here with how the cryptocurrency is tracking: