Tuesday 10 May 2022

Bitcoin's 3-Day Death Cross Now Imminent (is the worst over?)

Bitcoin's 3-day death cross now imminent (is the worst over?). Bitcoin recently dropped to the 2021 summer lows near 30K, after breaking the critical 37K support level. But is the worst over? We shall look at another imminent signal which is the death cross on the 3-day chart of bitcoin. This is likely to happen soon this week. What does history say about previous such signals and what happened to bitcoin in the short term to long term? We look at the charts. TA Video by Alessio Rastani.