Last Time This Cross Happened, Bitcoin Plunged 15% Immediately (BTC Price Analysis) - BitcoinEthereumNews.com
Bitcoinपिछली बार यह क्रॉस हुआ था, बिटकॉइन तुरंत 15% गिर गया (बीटीसी मूल्य विश्लेषण)02 / 09 / 2022बिटकॉइन एथेरियम समाचार The positive momentum in the crypto markets is now being shadowed by a cross of two significant moving average lines. A death cross occurs when the MA-50 crosses below the MA-200 line. This time, the cross was between the MA-100 crossing below the MA-200 line. Reviewing the historical incidents where this cross took place, the market has reacted negatively last time, causing a 15% correction in June – July 2021 following the previous incident of a death cross. तकनीकी विश्लेषण द्वारा: एड्रिस Long-Term – The Daily Bitcoin has been moving upwards in the past few days. The positive signaling point is that the BTC price has already broken above the major descending trendline and shortly attempting at the 50-days MA resistance line. However, the negative point to highlight here is that the 100-days MA crossed below the 200-days MA. The last time this cross happened was at the final phase of the mid-2021 heavy correction. The price declined more than 15% back then – below $30K, finalizing the last bearish leg before a significant rally that ended at Novembers Bitcoin ATH of $69K. Short-Term – 4-Hour On the 4-hour timeframe,