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Analyst: this dire technical formation may spell doom for Bitcoinโ€™s near-term price action

The 2020 Bitcoin rally was fun while it lasted, but the cryptocurrency recently formed a much-dreaded technical formation that may signal that BTC will see further near-term downside. This technical formation โ€“ which is accurately described by analysts as a โ€œdeath crossโ€ โ€“ comes about after an assetโ€™s 50-day moving average crosses beneath its 200-day […]

Analyst: this dire technical formation may spell doom for Bitcoinโ€™s near-term price action