A death cross has appeared on the three-day chart of Bitcoin, which is a technical signal indicating that the 50-period moving average has crossed below the 200-period moving average. Analyst Ali Charts pointed out that in cycles since 2014, such signals on the three-day timeframe typically signal the last significant decline before a macro bottom is formed. Currently, Bitcoin is trading around $68,755, and due to strong economic data weakening market expectations of a Federal Reserve rate cut, Bitcoin's price faces downward pressure.

BTC-1.23%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin