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Bitcoin ‘death cross’ that pushed BTC price to $28.8K reappears By Cointelegraph


© Reuters.

A technical sell signal is about to appear on the (BTC) daily chart.

On Dec. 18, the BTC price will experience a death cross, a market indicator that occurs when a short-term moving average slips below a long-term moving average. In this case, Bitcoin’s 20-day exponential moving average (20-day EMA) will close below its 200-day exponential moving average (200-day EMA).

daily price chart featuring May 2021 death cross. Source: TradingView
BTC/USD daily price chart featuring March 2020 death cross. Source: TradingView
BTC/USD daily price chart. Source: TradingView
BTC/USD daily price chart featuring RSI breakouts. Source: TradingView
BTC/USD four-hour chart comparing RSI trends from Sep. 2021 and Dec. 2021. Source: TradingView