Bitcoin 'Bear Cross' Raises Outlook for Bull Revival

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A contrary technical analysis indicator is about to turn bearish, signaling an end to bitcoin's decline and a bullish revival ahead, reports godbole17

A three-day-candlestick chart shows the simple moving average of the past 100 candlesticks is on the verge of crossing below the 200-candle SMA, confirming the first bearish crossover of the two averages since December 2018.

The averages crossed bearishly in December 2018, trapping sellers on the wrong side of the market. Bitcoin bottomed near $3,200 and spent the following three months building a base for a rally. The cryptocurrency hit a high of $13,800 by the end of June 2019.

 

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godbole17 enough indicators, let's just look at the fundamentals for a change. I'm bullish on MATIC not because some lines converged, but because they're in the market setting new records when it comes to innovation within zk and partnerships. I think the price reflects that

godbole17 I do not think so

godbole17 I wanna fart

godbole17 13k next week

godbole17 eth

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