Is Bitcoin’s Death Cross a Warning Sign or Just Another False Alarm?
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Prominent crypto trader Tony “The Bull” hinted that Bitcoin is on the verge of forming a “Death Cross,” a signal that often worries traders. This pattern occurs when the 50-day moving average drops below the 200-day moving average, often seen as a bearish sign. However, history shows that not every Death Cross leads to a major price drop.
History of Death and Golden CrossesTony “The Bull” highlighted that Bitcoin has experienced multiple Death Crosses and Golden Crosses over the years. A Golden Cross happens when the 50-day moving average moves above the 200-day moving average, signaling an uptrend.
Bitcoin is about to form a Death Cross of the 50-day and 200-day Moving Average
A thread 