Death

Bitcoin is currently witnessing a notable pattern on its chart. With the asset undergoing a bullish and bearish trend over the past month, Barchart, a financial market data provider, has revealed that BTC is facing an “Imminent Death Cross Formation.” This formation comes against Bitcoin’s recent significant dip on Monday when the asset lost thousands in value, dropping to as low as $49,781. Death Cross And The Implication For Bitcoin A death cross is a technical chart pattern indicating the…

In his latest essay “Spirited Away,” Arthur Hayes, the former CEO of BitMEX, dives into the complexities of the global financial markets, with a focus on the impending unwinding of the dollar-yen carry trade and its impact on the crypto market. Hayes begins by discussing the potential actions of the US Vice President Kamala Harris in response to an impending financial crisis, influenced by her need to secure electoral victory. He predicts, “Harris will instruct Yellen to use the monetary…

The post Bitcoin Death Cross Could Lead to a Catastrophic BTC Price Crash appeared first on Coinpedia Fintech News Similar to July, the August trade started on a huge bearish note. In the first week of August, all crypto assets face extreme bearish heat, with the star token, Bitcoin, plunging below $60,000 for a while. This shows that Bitcoin is approaching a “death cross,” a technical pattern where the 50-day moving average (SMA) falls below the 200-day SMA. This pattern…

The post XRP Sees ‘Death Cross & AI Altcoin Set For Monumental Jump appeared first on Coinpedia Fintech News XRP is not out of the woods yet based on the materialization of a death cross, which is a bearish formation that signals a possible sell-off. Meanwhile, Borroe Finance ($ROE) is eyeing exponential growth as its airdrop gets underway in less than 8 days as the AI altcoin continues to showcase its prowess in the Web3 revenue financing sector. Borroe Finance…

The Shiba Inu (SHIB) price may have experienced a slight pullback in the past week, but a broader look at the chart reveals the token is set for a 350% surge. On the other hand, the XRP price has recently flashed a death cross, signaling a possible downtrend or the climax to a downtrend, while Dogecoin (DOGE) could hit the $2 mark before the end of the year. Notably, the native token of ETFSwap (ETFS), a cryptocurrency platform built to…

An analyst has explained how Bitcoin is forming both a death cross and TD sell signal, which may lead to potential dips in these targets. Bitcoin Looking In Trouble As 12-Hour Chart Forms Two Bearish Signals In a new post on X, analyst Ali discussed two signals that have recently formed in Bitcoin’s 12-hour chart. The first of these is a “death cross,” which occurs when an asset’s short-term simple moving average (SMA) dips below its long-term SMA. Regarding the…

The post Bitcoin Death Cross Warns of Potential Sell Event; BTC Price at Risk?! appeared first on Coinpedia Fintech News In the last day, the cryptocurrency market suffered a significant blow, shedding more than $110 billion in total value. The global cryptocurrency market cap took a nosedive by over 4%, plummeting from $2.47 trillion to $2.36 trillion. Bitcoin, the leading digital currency, saw its price drop below $64,000, hitting a low of $63,589. This downward spiral has been pinned on…

As more and more people adopt cryptocurrencies for everyday use, their usage as a store of wealth and investments increases. An experience of more than 14 years and a total market cap of $813B as of January 2023 highlights their increasing preference. However, cryptocurrencies offer some complications when passing on to the next of kin in the event of death. Their digital nature, high level of privacy, and lack of a third party create this challenge. Therefore, a person must…