What Is a Death Cross?
The "death cross" is a market chart pattern reflecting recent price weakness. It refers to the drop of a short-term moving average—meaning the average of recent closing prices for a stock, stock index, commodity or cryptocurrency over a set period of time—below a longer-term moving average. The most closely watched moving averages are the 50-day and the 200-day.
- Investopedia
Death crosses reflect significant decline in stock or market prices, and have in some cases pointed to further downturns. Death crosses have previously signaled bearish behavior across the broader markets (think: 1929, 1938, 1974, and 2008).
-Fortune
A moving average (MA) is the average price of the given lookback period. The higher the timeframe of the lookback period, the more influential the moving average is.
Here, we are looking at the 50-week MA and the
200-week MA which are very influential and weighty averages.
Bitcoin will need significant upward price action if it is to negate the Death Cross from printing on the weekly timeframe.
Will BTC make a reversal? Or is the Bear Market just getting started?
The "death cross" is a market chart pattern reflecting recent price weakness. It refers to the drop of a short-term moving average—meaning the average of recent closing prices for a stock, stock index, commodity or cryptocurrency over a set period of time—below a longer-term moving average. The most closely watched moving averages are the 50-day and the 200-day.
- Investopedia
Death crosses reflect significant decline in stock or market prices, and have in some cases pointed to further downturns. Death crosses have previously signaled bearish behavior across the broader markets (think: 1929, 1938, 1974, and 2008).
-Fortune
A moving average (MA) is the average price of the given lookback period. The higher the timeframe of the lookback period, the more influential the moving average is.
Here, we are looking at the 50-week MA and the
200-week MA which are very influential and weighty averages.
Bitcoin will need significant upward price action if it is to negate the Death Cross from printing on the weekly timeframe.
Will BTC make a reversal? Or is the Bear Market just getting started?