Friday 4 June 2021

Bitcoin: Blueprint To Avoid A Death Cross

We have spoken about the *potential* upcoming death cross a few times. Depending on the immediate price action of Bitcoin, this death cross could theoretically be avoided. I've heard many people say things like "We will come close to a cross, but the 50D SMA will not actually cross the 200D SMA." I was curious about this statement - what needs to happen for us to avoid a death cross? In this video we do a bit of dubious speculation to identify what the price of Bitcoin needs to do each on average for us to in fact avoid a death cross. TA Video by Benjamin Cowen.