Bitcoin Triggers âRare Bottom Signalâ After Death Cross as Analyst Eyes $126,000 Rocket
Bitcoin is currently experiencing a clear bottom signal after a recent death cross, according to a popular crypto analyst on X.
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Bitcoin is currently experiencing a clear bottom signal after a recent death cross, according to a popular crypto analyst on X.
Dog cryptocurrency Shiba Inu is trading in red as major cryptocurrencies fell amid broader risk-off sentiment at the start of December.Shiba Inu fell to an intraday low of $0.00000789, extending its slide into the fourth day since Nov. 27, and was last seen around $0.00000796, down 7.23% in the lasâŚ
The "Bitcoin Fear & Greed" index, which measures market sentiment, has plunged to just 10, which is the lowest level since February.According to 10x Research, the price has fallen below both the 7-day and 30-day moving averages, which shows weak short-term and medium-term momentum.Over the past weekâŚ
Bitcoinâs technical structure is flashing a rare and powerful signal. Despite a recent price dip, a bearish-sounding Death Cross has just triggered precisely at a major structural support, the lower boundary of a long-term pattern. This bullish confluence, where historical market bottoms align with âŚ
With a technical pattern that may indicate its next course of action, Shiba Inu is at a place when volatility should hit the market. The 50-day EMA has recently moved below the 100-day EMA on the daily chart, creating what analysts refer to as a mini death cross. This formation indicates a possible âŚ
XRP, the fourth largest cryptocurrency by market capitalization, recently showed a notable technical signal â a death cross on its hourly chart â which many traders deem a sign of bearish momentum. This pattern, which occurs when a short-term moving average dips below a longer-term moving average, hâŚ
Crypto analyst Benjamin Cowen recently discussed the impact of the death cross indicator, which has appeared again on Bitcoinâs chart. Thanks to this indicator, the $62,000 price level has become cruc
Ethereum is still wavering under $3,000 and a death cross is now here too.
Timothy Peterson shared that in 67% of the times a death cross has happened, the price of BTC ended up rallying within two months after the crossover.