A technical sell signal is about to appear on the daily chart of ().
On December 18, the price of BTC will experience a death crossover, a market indicator that occurs when a short-term moving average falls below a long-term moving average. In this case, Bitcoin’s 20-day exponential moving average (20-day EMA) will close below its 200-day moving exponential average (200-day EMA).
The indicator may end up alerting traders and investors to a possible liquidation in the coming sessions, given its history of predicting downtrends in advance. For example, the 20-200 bearish crossover that appeared on May 30, 2021 was instrumental in bringing the price of BTC down from $ 36,500 to $ 28,800 in the next 24 days.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Reference-es.investing.com
