Will this time be different? Bitcoin eyes drop to $35K as BTC price paints ‘death cross’ -Breaking
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© Reuters. (BTCTraditional chartists are familiar with the Jan. 8 trading pattern that ) created. It is known for its ability predict future losses.
In detail, the cryptocurrency’s 50-day exponential moving average (50-day EMA) fell below its 200-day exponential moving average (200-day EMA), forming a so-called “death cross.” The pattern appeared as Bitcoin underwent a rough ride in the previous two months, falling over 40% from its record high of $69,000.
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