Bitcoin Death Cross កំពុងសម្លឹងមើលគោក្របីបន្ទាប់ពីការទាញចេញដ៏ឈឺចាប់

Bitcoin enthusiasts had to undergo one of the roughest reconciliations. After this, holders of the global រូបិយប័ណ្ណឌីជីថល had to experience threatening technical price patterns with a name urging more pain in due course.

The technical price pattern is known by the name – ឈើឆ្កាងស្លាប់. This measure showcases its indication whenever an asset’s average monetary value over the last 50 days descends below that of its 200-day moving average.

As per Mati Greenspan – developer of Quantum Economics, “Bitcoin momentum might head downward in the latter half of this week.” He added, “The chart is pretty clear.”

Bitcoin Fends off the Death Cross

Bitcoin averted itself from forming the ឈើឆ្កាងស្លាប់ for yet one more day. Before Tuesday, it recorded only three up days since the beginning of 2022. The 2nd largest រូបិយប័ណ្ណឌីជីថល – Ether, also discerns to form a ឈើឆ្កាងស្លាប់, irrespective of the figure that it traded higher to around $3,233 on Tuesday. For Bitcoin price rose 2.6% to around $42,813 as of 2:44 p.m. in New York.

“Talking about the ឈើឆ្កាងស្លាប់, the report is diversified. It’s no shocker that the macro backdrop affects the price action, but a healthy pick-up has been witnessed over the last 24 hours,” says Juthica Chou -chief of OTC options trading at Kraken. He added on Bloomberg’s QuickTake Stock broadcast, “To date, I think the fundamentals are really strong.”

កេរ្តិ៍ឈ្មោះរបស់ Bitcoin នៅជុំវិញ death-cross formations remains mysterious. It manifested the bleak pattern in June 2021, followed by one in March 2020. These bleak patterns were not obstacles to gains as they turned higher to form a golden in a time interval of just two months. But the coin traded lower one month later due to a ឈើឆ្កាងស្លាប់ នៅក្នុងខែវិច្ឆិកា 2019 ។

“Be it the broader market index or stocks, ឈើឆ្កាងស្លាប់; whenever occurred; brought in the bad news priced already,” says Craig W. Johnson – Head of the technician at Piper Sandler & Co. He added, “I think time could be a wider venture to Bitcoin than the price at this point.”