Bitcoin faces 'death cross' after falling below $9,000 Read more at: //economic
by
elemosho.crypto
on 14/05/2018, 01:39:12 UTC
Bitcoins plunge back below $9,000 has the cryptocurrency facing a dreaded death cross. This occurs when the 50-day moving average breaks below its 200-day counterpart on a closing basis. As the name implies, its considered a bearish development. This would be the first death cross for Bitcoin since 2015.