Bitcoin Price Watch – BTC/USD Shakes Off “Death Cross” Signal

Bitcoin Price Watch – BTC/USD Shakes Off “Death Cross” Signal

Bitcoin Price Watch – BTC/USD Shakes Off “Death Cross” Signal

Bitcoin Price

Today, April 2, Bitcoin shook off the “death cross” signal seen last week and managed to hold a price of around $7,000, after dropping down to about $6,500 during Easter Weekend. A “death cross” signal occurs when the 50-day moving average crosses below the 200-day moving average, and this is generally regarded as a negative signal. The coin was trading at near $8,000 this time last week.

Nevertheless, several analysts remain positive on the mid-term trend of Bitcoin. Cryptocurrency trader Nick Cote claimed that bitcoin could test the $7,700 level in the upcoming days, and if …

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