Monday 7 June 2021

Bitcoin: What Happens After A Death Cross?

It appears that the 50D SMA will go below the 200D SMA in a few weeks, unless the price of Bitcoin has a major and immediate move to the upside. But an upcoming death cross likely elicits the question, "Well what happens after a death cross?" In this video we go back in time and look to see what the price of Bitcoin did after previous death crosses. In the short-term after a death cross, the price of Bitcoin has previously pumped more than 40% on more than one occasion. Can we expect this again? Will the overall down trend stay the same as it has in prior death crosses? TA Video by Benjamin Cowen.