Death Cross Pattern Fail to Create an Immediate Selloff

Death Cross Pattern Fail to Create an Immediate Selloff

Death Cross Pattern

The ‘Death Cross’ pattern failed after Bitcoin (BTC) price moved above from 50-day’s low of $6,500. BTC price soared sharply on Monday and extended the uptrend into today’s trading, amidst concerns regarding the immediate price crash on Death Cross pattern – which occurred on Bitcoin price chart on Sunday when its 50-day moving average has cut the 200-day moving average from the top.

BTC price started recovering losses after hitting 50-day low of $6,500 during the weekend. Bitcoin currently hovers in the range of $7,300, up more than 5% today following a sharp recovery on Monday. …

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