Bitcoin May Be Nearing Price Bottom?
Looming Death Cross Suggests Bitcoin May Be Nearing Price Bottom
- Bitcoin’s 50- and 200-day moving averages (MAs)look set to produce a death cross in the next week or two. Historical data shows the cryptocurrency could bottom out if the cross is confirmed.
- BTC may drop to support near $7,430 before then.
- A break above $8,820 is needed to invalidate the bearish lower-highs set up and confirm a bullish reversal.
https://www.coindesk.com/looming-death-cross-suggests-bitcoin-may-be-nearing-price-bottom