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Bitcoin Death Cross 2021 Is Here, but There Is Nothing To Fear

Published 06/20/2021, 05:55 AM
Updated 06/20/2021, 06:00 AM
© Reuters. Bitcoin Death Cross 2021 Is Here, but There Is Nothing To Fear

  • The Bitcoin death cross formed on June 19, 2021.
  • The pattern is a bullish indicator that often leads to massive sell-offs.
  • However, the indicator does not always hold true.

The dreaded Bitcoin death cross has finally formed with the MA-50 line crossing the MA-200 line yesterday, June 19. Although the pattern typically indicates an upcoming bear market, here are a few reasons not to worry.

The death cross is typically a lagging indicator that shows what has mostly happened in the market already. As such, the market tends to bottom out before the indicator and not after it. In fact, the cross intersection is usually the best time to exit the market for those fearing the worst.

Previously, the death cross indicator has been reliable in both crypto and stock markets. For instance, the Q4 2019 and Q1 2020 Bitcoin crashes were preceded by a death cross.

This article was first published on coinquora.com

Continue reading on CoinQuora

Latest comments

@craiggarret, you are right. Poor article. Title incorrectly says bullish vs bearish. Hard to believe that is an honest mistake.
As soon as stocks plunge ( correction) crytos ( worth nothing and tied to no assets) will fall to nearly 0 when the game of chicken ends with the exit to real assets… maybe 50 billion escapes the collapse?!
The usual bullish case of hope when the impending fall looms ahead
"The pattern is a bullish indicator that often leads to massive sell-offs." Umm, what?? Bullish = massive sell-offs???
this whole article is full of stupidity
Totally wrong. It is a bearish indicator confirming a downward trend once crossed. Makes you wonder who writes this stuff.
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