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Bitcoin (BTC) Death Cross Sparks Fears of 70% Price Crash
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Bitcoin (BTC) is trading at around $89,000 as of press time. Over the past 24 hours, the price has dipped slightly, while the 7-day change shows a drop of 7%. With trading volume reaching $39 billion, traders are watching the charts as new technical signals suggest more downside may follow.
Death Cross Appears Again
Crypto Crew University reported that Bitcoin has printed a 2-day death cross. This occurs when the 50-period moving average crosses below the 200-period moving average. It’s a pattern that many traders view as a bearish sign.
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Bitcoin Holds Key Support: Will Bank of Japan Trigger a Rebound?
Is Bitcoin Heading for $60K? Bear Flag Signal Explained
Bitcoin (BTC) Death Cross Sparks Fears of 70% Price Crash
Share:
Bitcoin (BTC) is trading at around $89,000 as of press time. Over the past 24 hours, the price has dipped slightly, while the 7-day change shows a drop of 7%. With trading volume reaching $39 billion, traders are watching the charts as new technical signals suggest more downside may follow.
Death Cross Appears Again
Crypto Crew University reported that Bitcoin has printed a 2-day death cross. This occurs when the 50-period moving average crosses below the 200-period moving average. It’s a pattern that many traders view as a bearish sign.
In This News
Share:
In This News
Share:
Read More
Bitcoin Holds Key Support: Will Bank of Japan Trigger a Rebound?