"Death Cross" Sparks Bitcoin Sell-Off | NewsBTC

"Death Cross" Sparks Bitcoin Sell-Off | NewsBTC

Bitcoin Down to March Lows at $7,500 Amid Bearish Pattern
Talk of a "death cross" in Bitcoin on Thursday has sparked an investor sell-off down to the $7,500 line, where it met resistance. The digital currency was
Bitcoin Dood

Bitcoin Dood

Bitcoin and Cryptocurrency trader.

Responses

Is there really a 'level of support'? Obviously there are many with big investments who need it to retain some value, but someone has to be buying it. I don't have enough to worry, but it's interesting. I do have a lot of Steem, but I didn't lay out cash for that.
@Steve Clark I'm seeing a lot of negative predictions. Probably retest that 6600 range and if we fall below that, around 5400 should be our next level of support. If we fall below that. IDK what to say. I'm really hoping we don't end up below 5K.
@Bitcoin Dood It could fall below $7000 the way it's going. More like a death plummet
@Steve Clark I think in a lot of ways they are a self fulfilling prophecy... LOL
So people are selling based on 'bad patterns'? This TA stuff is crazy. The graphs are a symptom, not the cause.
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Bitcoin Dood