Monday, November 18, 2024
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Despite 25% Correction From Bitcoin’s Peak, Top Analyst Still Expects a Great 2020

Despite the slight recovery, Bitcoin remains decisively down on the week, trending far lower since the $9,200 high was established on Saturday. In fact, from the local top, the cryptocurrency has lost 12%, and over 25% since February’s $10,500 top, dramatically underperforming traditional markets in the same time period. Many traders

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Bitcoin to Form ‘Death Cross’ For First Time since Sept 2019; Severe Correction Imminent?

Bitcoin appears to be forming a severely bearish technical indicator that analysts call a “death cross.”The grimly-named signal will kick in when bitcoin’s 20-day moving average drops below its 50-day moving average. So it appears, the cryptocurrency is only a few sessions away from making its first Death Cross for

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