Re: Bitcoin faces 'death cross' after falling below $9,000 Read more at: //economic

Quote from: elemosho.crypto on May 14, 2018, 01:39:12 AM

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.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/bitcoin-faces-death-cross-after-falling-below-9000/articleshow/64145281.cms

What are you thinking about the death cross?? How long it might take to overcome this??

I dont think bitcoin will stay in this bearish market for much longer because the other cryptos such as Ethereum, Bitcoin cash and Litecoin have experienced serious gains over the past few weeks/month and i think a lot of that money will start flowing back to bitcoin since it has not gone up as much.