Tag Archives: Bitcoin Bear Market

As Bitcoin continues to struggle to maintain the $6,000 price area, the formation of another technical pattern is raising some concerns. The cryptocurrency charted a Death Cross, which is something that should be taken into consideration, of course, as long as you follow technical analysis.The Third Death Cross Since 2018 IncomingFirst things first, it’s important to note that a Death Cross is a commonly referenced technical analysis setup. It occurs when the 50-day moving average line...

Bitcoin is yet to reach its yearly bottom, at least according to a recent Twitter poll. Despite surging with 80% since the March 13th low of $3,700, the majority still anticipate new price declines in BTC’s future.Pessimism Across The CommunityMarch 2020 has been quite volatile for Bitcoin and the whole cryptocurrency market. The primary digital asset had a monthly high of $9,200 before the coronavirus effect took its toll on all markets. In just a week, BTC plunged to $3,700 on various...

The cryptocurrency market plunge started during the weekend and continues as of writing these lines. Bitcoin dumped with over 15%. Naturally, the general sentiment among the crypto community has changed. Some speculate that the 2020 bullish trend is now over and that investors should prepare for even worse consequences.Market Sentiment Follows The PriceIt’s safe to say that the cryptocurrency market has seen better times. In a matter of three days, the total market capitalization went from...