A Bitcoin "Death Cross" is coming up. Just a reminder that there was a "Golden Cross" a few months ago that led to huge dip. These Technical indicators really mean nothing.

So once again, we have a "Death Cross" looming in the Bitcoin chart. This is a "bearish" indicator that occurs when the 50 day MA dips below the 200 day MA.

I just want to remind everyone that these indicators don't really mean anything, and that they shouldn't be trusted. Just a few months ago we had a "Golden Cross" which was quickly followed by a dip of the entire crypto market by more than 10%.

These technical indicators are a reductionist tool used to try to explain the movements of the market in simple terms so that morons can justify their investments. The truth is, nobody knows how the market is going to move.