bullish

Bitcoin

when

Avalanche

According to analysts, Bitcoin may face a new wave of selling as graphical indicators point to potential downside risks in the cryptocurrency market.
According to analysts, despite the recent short-term recovery, a “death cross” between the 50-day and 200-day moving averages is seen as a bearish signal.
“The 50-day and 200-day moving averages, two very popular moving averages, have drawn the so-called ‘death cross’ line, which does not add optimism to the crypto market in the medium term,” YouHodler Risk Manager Sergei Gorev said.
Related News: <a href="https://en.bitcoinsistemi.com/breaking-billionaire-mike-novogratzs-company-makes-big-avalanche-avax-move/" target="_blank" rel="noopener noreferrer nofollow">BREAKING: Billionaire Mike Novogratz's Company Makes Big Avalanche (AVAX) Move</a>
While the Bitcoin market charts could be pointing to a potential recovery following the recent price drop, Gorev emphasized that a new wave of cryptocurrency selling could be on the horizon. This technical formation often precedes further declines, adding to the uncertainty surrounding the market’s recovery, Gorev said.
A “death cross” occurs when a short-term moving average crosses below a long-term moving average and typically signals a transition from bullish to bearish momentum.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/there-is-a-death-cross-alarm-in-bitcoin-heres-what-to-expect/" rel="noopener noreferrer nofollow">There is a “Death Cross” Alarm in Bitcoin: Here’s What to Expect</a>

There is a “Death Cross” Alarm in Bitcoin: Here’s What to Expect

Bitcoin Sistemi EN

Other articles published on Aug 12, 2024

US Policy Group Proposes Bitcoin Tax-Free Zone to Boost Digital Economy

Russia Advances Crypto and Mining Regulations as US Sanctions Impact Economy

Markets Could Remain Highly Volatile: Here are the Cryptos to Monitor This Week

Ethereum Struggling Against Bitcoin, Solana But A Reversal May Be On The Way

Binance Announces Automatic Conversion of Certain Altcoins to USDC

Ethereum Whale Continues Selling Large Amounts of ETH

Join our free newsletter for daily crypto updates!