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Bitcoin ‘$ cross death’ boosted by BTC price to $ 28.8K

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© Reuters.

A technical sales sign is about to appear (BTC) daily diagram.

On December 18, the BTC price will be a death cross, a market indicator that occurs when a short-term moving average falls below a long-term moving average. In this case, Bitcoin will close below its 20-day moving average (20-day EMA) below its 200-day moving average (200-day EMA).

daily price chart with the death cross of May 2021. Source: TradingView
BTC / USD daily price chart with March 2020 death cross. Source: TradingView
BTC / USD daily price chart. Source: TradingView
BTC / USD daily price chart showing RSI breaks. Source: TradingView
Four-hour chart of BTC / USD comparing RSI trends for September 2021 and December 2021. Source: TradingView