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Bitcoin News Alerts | Daily BTC News

809: BITCOIN EYES DROP TO $35K AS BTC PRICE PAINTS ‘DEATH CROSS’!! CRYPTO FEAR HITS 5 MONTH LOW!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 9 January 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

Bitcoin formed a 'Death Cross' trading pattern on Jan. 8 that is widely watched by traditional chartists for its ability to anticipate further BTC price losses. In detail, Bitcoin's 50-day exponential moving average (50-day EMA) fell below its 200-day exponential moving average (200-day EMA), forming a so-called “death cross.” The pattern appeared as BTC underwent a rough ride in the previous two months, falling over 40% from its record high of $69,000. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

There are days when you're hungry for McDonald's.

0:03.8

Then there are days when you're Big Arch hungry for McDonald's.

0:08.1

You'll get to know the difference.

0:09.9

New Big Arch for Big McDonald's hunger.

0:15.4

Until 9th of September from 11 a.m.,

0:17.8

participating restaurants only, subject to availability.

0:20.2

In today's show, will this time be different?

0:22.2

Bitcoin eyes have dropped to 35,000 as the Bitcoin price paints a death cross.

0:26.7

Now, historically, this is a trading pattern which anticipates further losses.

0:30.9

This is one of 50-day exponential moving average falls below the 200-day moving average, forming a so-called death cross.

0:36.8

I'll be breaking this down for you.

0:38.1

And as Rett Capital points out here, the panic and bearer sentiment towards BTC is extreme right now,

0:43.1

but there is nothing extreme about this 41% retrace. Over the years, Bitcoin has retraced

0:47.6

30 to 40% many times in bull markets. In fact, Bitcoin retraced 53% this past May. Forty one percent is an extreme. And as Max

0:56.4

Kaiser shares here, Salvador and Bitcoin miners powered by volcano geothermal, the new volcano bonds

1:01.5

offer investors a way to invest in Bitcoin. Why not offering $20 billion in volcano bonds to the world

1:07.4

and make El Salvador debt free? And in this video, it reveals a sneak peek inside their mining operation.

1:14.1

And Naibo Kelly responded to Fudd from economist Steve Hank from John Hopkins.

1:19.1

Okay, I'm going to school you again.

1:20.7

Not because it's going to be of use for you since you're just getting paid to attack Bitcoin and defend Fiat,

1:25.3

but because the people deserve to know you are a fraud.

1:28.3

And as I share here, very interesting how human psychology works, isn't it? Everyone all lining up

...

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