Yes, Bitcoin is just making a death cross right now. But also that does not mean any SHIT.

Yes it is that time of the year again where we are all doom and gloom over some fancy TA with a quite dangerous sounding name is happening. If there is a TA the most people know and the most people are afraid of, but still don‘t understand at all, it is the almighty Bitcoin Death Cross.

Already from the name you can derive that this is a bearish indicator and acts as a counterpart to the “Golden Cross“. While all are so afraid of it here is the official definition: The 200 day Moving Average crosses above the 50 day Moving Average, and that‘s literally it.

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BTC chart showing the impending Death Cross, chart by Crypto Rover on Twitter

Right now we have just dropped below $25k and are now stabilizing around $25.2k as of this writing, all of this while the Death Cross is literally just centimeters away from happening. Sounds bad, well it actually does not mean shit…

This is just an indicator that the short-term price movements (last 50 days) have been very bad and mostly downward, so bad that even the Average from the last 200 days is better. Now that is all in very amateur terms, but the ain point still is that one singular bearish price indicator is not going to decide ANYTHING.

I am personally a person that likes to play around with TA (of course without any money involved), but even I have to say that many TA influencers like to balloon up such small events into the oblivion, it is literally just one bad thing and on top of that it just shows a price movement that already happened. So relax, for now.