Bitcoin approaches ‘death cross’

Bitcoin approaches ‘death cross’
фото показано с : invezz.com

2022-1-11 14:30

The ominous-sounding ‘death cross’ is a bearish indicator which shows up when the 50-day moving average (MA) drops below the 200-day MA, CoinDesk wrote. The death cross looks like it’s about to become fact this week due to rising concerns of the US Fed’s faster liquidity withdrawal, which paints a bearish picture for Bitcoin (BTC/USD) and asset prices.

Goldman predicts major borrowing cost increase by end of year

Goldman Sachs predicts that the Federal Reserve will hike up borrowing costs at least four times by the end of 2022, backtracking on an earlier prediction of three rate hikes. They also expect the central bank to reduce its balance sheet from six months ago.

Labor market report strengthens rate hike case

The US labor market report, released on Friday, showed that unemployment had dropped to 3.9%. This strengthened the case for the central bank to increase rates along with the end of asset purchases in March.

Fears grip Bitcoin market

Fears of a hawkish central bank gripped the market at the end of 2021’s last quarter after the Fed shifted its focus from maximum employment to inflation control. In December, the bank announced at least three rate increases by the end of this year and completion of the asset purchase program by March.

Bitcoin has lost 40% from its all-time high

Bitcoin reached a new all-time high around $69,000 on November 10, but it has lost almost 40% since. Over the last seven days, it dropped by more than 12%, registering its biggest weekly drop since the beginning of December. The seemingly inevitable death cross bolsters bearish attitudes together with the souring macroeconomic outlook.

Previous death crosses coincided with selloffs or macro downtrend

Past records of the technical indicator as a bear market predictor are mixed. Kraken research shows that Bitcoin’s death crosses in 2014 and 2018 coincided with either a consistent macro downtrend confirming bearish sentiment or a selloff in subsequent days.

On the other hand, death crosses in 2021, 2020, and 2019 were false signals or bear traps marking significant price bottoms. The death cross last year gave way to consolidation, which led to a fresh bull run.

The post Bitcoin approaches ‘death cross’ appeared first on Invezz.

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death cross bitcoin bearish approaches fed faster

Источник: invezz.com

death cross → Результатов: 116


Analyst: this dire technical formation may spell doom for Bitcoin’s near-term price action

The 2020 Bitcoin rally was fun while it lasted, but the cryptocurrency recently formed a much-dreaded technical formation that may signal that BTC will see further near-term downside. This technical formation – which is accurately described by analysts as a “death cross” – comes about after an asset’s 50-day moving average crosses beneath its 200-day […] The post Analyst: this dire technical formation may spell doom for Bitcoin’s near-term price action appeared first on CryptoSlate.

2020-1-24 22:19


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Bitcoin’s Death Cross Fears Are Overblown, According to Analyst

The recent Bitcoin surge that caused the price to increase by roughly 40 percent in 16 hours has left investors and traders searching for answers as to why this happened. While there might not be a clear answer, possible options include the recent wave of positive news from China, the CME gap, and the performance […] The post Bitcoin’s Death Cross Fears Are Overblown, According to Analyst appeared first on BeInCrypto.

2019-11-1 19:08


Теханализ: цена биткоина рискует упасть к отметке $7200

Несмотря на некоторую консолидацию после вчерашнего обвала, на цену BTC по-прежнему оказывают значительное давление продавцы. Согласно наблюдениям аналитиков CoinDesk Markets, на дневном графике пробита нижняя полоса Боллинджера и линия тренда индикатора RSI.

2019-10-25 19:06


Фото:

Теханализ: цена биткоина рискует упасть к отметке $7200

Несмотря на некоторую консолидацию после вчерашнего обвала, на цену BTC по-прежнему оказывают значительное давление продавцы. #BTC EU Daily Chart Snapshot Bollinger Band Breakdown RSI has invalidated bull divergence Price risks falling to $7.

2019-10-24 13:09


Litecoin looks to gain movement with potential inverted bart formation

Litecoin was pegged to boom this year, given the historical block reward halving which took place on August 4th; but in contrast, the silver altcoin failed to see its price climb. Soon after, the altcoin saw the formation of death cross on 30th August which is considered highly bearish as it indicated the potential for […] The post Litecoin looks to gain movement with potential inverted bart formation appeared first on AMBCrypto.

2019-10-19 21:00


Фото:

Мнение: перед возобновлением роста биткоин посетит отметку $7430

Аналитик CoinDesk Омкар Годбоул уверен, что цена биткоина уже почти достигла локального дна, после которого возобновится рост. Согласно его наблюдениям, в ближайшие недели должен произойти так называемый «крест смерти» (death cross) — пересечение 50-дневной скользящей средней (MA) с MA 200.

2019-10-20 22:00


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