Tilt101

$BTC Pushing Death Cross

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
So we're coming across a big point with BTC . The fabled Death Cross. The opposite of a Golden Cross, this is when the EMA 50 drops below the EMA 200 indicating a longer term bearish cycle. Much like the golden cross its just another indicator. Its not the end of the world but from a sentiment point of view it isn't great. It is something we do need to watch because the entire market is watching it.

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