Bitcoin ‘Death Cross’ Could Put the Crypto at US$25k Before 2022 Ends

Bitcoin is currently facing adverse situations with its consistent falling value

The current state of Bitcoin is one of the roughest stages for its supporters. BTC, the largest digital currency is facing threats of losing its massive market dominance. Currently, investors and analysts have realized that BTC is forming a pattern that suggests even more suffering in the near future. The ‘Death Cross’ measure indicates the pattern whenever a crypto’s average price over the last 50 days drops more than that of its 200-day moving average, an indication that measures up the asset’s downtrend momentum. Even though it is not the case for Bitcoin yet, analysts and critics believe this soon might be the incident for BTC. According to coinmarketcap, at the time of writing this article, Bitcoin is trending below US$38,000 which clarifies the most important fact, that it will take a lot of time for BTC to recover its position in the market. The consistent decline in Bitcoin’s value might also lead to an unexpected sell-off season that could put the crypto at a major risk. According to reports, if Bitcoin continues with the downtrend, it will soon dive as much as US$25,000 before…

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