The weekend confirmed the Bitcoin “death cross”, so the bull market is over.
Or is it?
It signaled the start of the bear market in 2014 and again in 2018. So, a death cross now sounds pretty bleak.
However, we’re dealing with a very different market than the 2013 and 2017 bull markets. Nearly everything retail investors thought would happen this year has gone astray.
In today’s issue, we’ll discuss the infamous Bitcoin death cross, including what it is and whether or not it matters. I’ll give you my opinion and share how I’m positioning myself.
Let’s get it!
The Infamous Bitcoin “Death Cross”
The name “death cross” is overly dramatic. It doesn’t mean anything is dead, especially not Bitcoin.
The death cross occurs when the 50-day moving average crosses below the 200-day average.
It’s a universal term, not something that applies to Bitcoin only.
The reason it matters for Bitcoin is that it often indicates the start of a new bear market. It did so in 2014 and again in 2018.
This is a members-only issue. Join today to get access to the full post, charts, and watch the video.
Members receive a new issue every weekdayJoin and pay monthly Join and pay yearly (save 20%)
Already a paying member? Sign in