News about Bitcoin

by COINS NEWS - 2 years ago

Bitcoin's Death Cross

Ahh, yes, the ominous-sounding Death Cross...a description of when bitcoin’s 50-day moving average crosses its 200-day moving average. Historically, this has indicated the end of a bull market. Notable death cross events in traditional markets...

More / Bitcoin Reddit - 2 years ago

So it seems Bitcoin set a new 'high' low at $40.5K. Even though we're currently 38% lower than November, $40.5K is also a whopping 40% higher than the flash crash to $29K last May. That new, higher floor will not be missed by institutional investors.

Even if we see another dip tomorrow, next week or next month, given the pace of adoption, accceptance and real life utility that crypto has been seeing these past months, that new low is far higher than many expected and is reason to be bullish going...