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Compared to the golden cross, a death cross involves a downside MA crossover. This marks a definitive market downturn and typically occurs when the short-term MA trends down, crossing the long-term MA. Simply put, it’s the exact opposite of the golden cross. A death cross is usually read as
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Crypto adoption worldwide has accelerated in the last couple of years. Thanks are especially in order to the 2021 bull run that saw the price of bitcoin reach as high as $69,000, triggering an influx of new users into the market, both on the retail and institutional investor side. As
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Bitcoin (BTC) lost a key bear market trendline last week as it shed almost 12%, but other chart data offers a silver lining for bulls.As noted by popular Twitter user Dave the wave on Aug. 24, long-term moving averages (MAs) are about to repeat classic bullish behavior.Analyst: Bulls could be
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On-chain data shows the Bitcoin MVRV triple ribbon has once again formed a signal that has lead to an average of 30% decline during previous instances this year. Bitcoin MVRV Triple Ribbon Shows Bearish Signal Formation As pointed out by an analyst in a CryptoQuant post, the latest trend in the BTC
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Ethereum has been in recovery mode since developers announced a possible date for the Merge. Since this date is close, it has sparked a lot of positivity among community members who looking forward to the leading smart contracts platform’s move to proof of stake. This recovery has since triggered a
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The latest price moves in bitcoin ($BTC) and crypto markets in context, for July 8, 2022. Source
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On-chain data shows the Bitcoin taker buy/sell ratio is now approaching a crossover with the “1” level, a sign that could be bullish for the crypto’s price. Bitcoin Taker Buy/Sell Ratio Observes Rise, Almost Reaches A Value Of 1 As explained by an analyst in a CryptoQuant post, signs may suggest that
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Bitcoin (BTC) may fall more than 40% from last week's bottom, new data warns as one analyst confronts what he says is now a bear market.In a series of tweets on May 20, popular trader and analyst Rekt Capital argued that BTC/USD should dive to near $20,000 to conform to
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Stablecoins are tokens tracked by a blockchain, but in contrast to assets like bitcoin (BTC), they’re intended to consistently match the buying power of a fiat currency, most often the U.S. dollar. Stablecoins were first created to give active crypto traders a tool for moving quickly between more volatile positions,
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Terra (LUNA) has made a considerable comeback given the slump that the coin underwent a little over a week ago. The broader market has also regained strength which has proved to be beneficial for the industry’s altcoins. Bitcoin and Ethereum have steadied above their immediate price floors. The prominent coins were
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