As expected by many technical analysts the 200 MA has crossed below the 50 MA on a Daily chart, which confirms the Death Cross signalling the possibility of the beginning of a bear market. At the time of writing this analysis, BTC is testing again it’s major support level between $29,000 and $30,000. As mentioned … Read more
These last couple of days have been quite bearish for BTC/USD. Many analysts have been extremely outspoken about the death cross (situation when 50 Moving Average crosses below the 200 Moving Average) Apparently for some chart analysts this has already happened, yet here when we use Exponential Moving Averages (which officially should be used) we … Read more
On Sunday, the 13th of June 2021 Bitcoin has increased about 10% in price in relation to the US dollar, touching $40,000. The Taproot update was locked in by miners which sends a very positive signal that the network will be upgraded to add privacy features and smart contracts. This is most likely the main … Read more