A potential death cross on the daily Bitcoin chart has been forming since mid- MayThe Bitcoin death cross should occur in the next week or soBitcoin continues to trade below the 200-day moving average and the death cross would confirm a bear market$30k remains as the support level to watch for BitcoinA recent report by Bloomberg stated that $100k was more probably than $20kFor … [Read more...] about Bitcoin’s Dreaded Death Cross on the Daily Chart, Beckons
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Death knell for Chinese crypto miners? Rigs on the move after gov’t crackdown
When it comes to China, few things are crystal clear, and the nation’s recent crackdown on crypto mining is no exception. The State Council’s Financial Stability and Development Committee reported on May 21 that it is curtailing Bitcoin (BTC) mining amid financial risk concerns, which prompted the South China Morning Post to proclaim that “China’s place at the centre of global … [Read more...] about Death knell for Chinese crypto miners? Rigs on the move after gov’t crackdown
Bitcoin faces ‘death cross’ if bulls don’t step up
Crypto YouTuber Lark Davis points out that Bitcoin is headed for a death cross “unless something changes soon.” At the current trajectory, the bearish technical pattern will occur in mid-June.Unless something changes soon for #bitcoin then we could be staring down a death cross in mid June!!! pic.twitter.com/K3pkvNrnPx— Lark Davis (@TheCryptoLark) June 4, 2021The warning comes … [Read more...] about Bitcoin faces ‘death cross’ if bulls don’t step up