Bitcoin Death Cross 2019 - Predictions
Last updated
Last updated
The death cross is a technical chart pattern that indicates a bearish trend for a stock. The death cross occurs when a stock’s 50-day moving average falls below its 200-day moving average. On a price chart, you can see the death cross when the 50-day and 200-day moving average lines connect. This indicator has been very successful for stocks, however cryptocurrencies trade with a much higher volatility than stocks, research and results show long daily moving averages lag too much for predicting crypto currency price movement.
In October 2019, the Bitcoin death cross got a lot of coverage on YouTube and US business channels. Many commentators and experts were explaining how this was the end for Bitcoin. Many memes were generated for this.
