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Home Cryptocurrency Bitcoin

Bitcoin Nears Death Cross: Understanding What This Means

Bitcoin's approaching death cross causes panic among traders. Learn why seasoned investors remain calm and how to navigate market trends.

by John Darbie
Wed, Aug 7, 2024 4:37am
in Bitcoin
• 2 mins read
14.8k
Bitcoin Nears Death Cross: Understanding What This Means | FinOracle

Photo: Finoracle.net

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What is a Death Cross?

When Bitcoin's 50-day Simple Moving Average (SMA) falls below its 200-day SMA, it forms a pattern known as a death cross. This phenomenon is typically seen as a bearish signal, indicating that short-term momentum is lagging behind the long-term average.

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