If past data is a guide, Tuesday’s low near $30,000 could also turn out to be a bear-market bottom.
A death cross, or the bearish crossover of 50-day and 200-day SMAs, is widely taken to represent a long-term bearish shift in momentum.
Some analysts are worried that could bring in more profound losses.
In other words, by the time the crossover happens, the asset is oversold and primed for a bounce.
“Early days of price discovery, plus mainstream adoption and the inevitability of U.S.
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