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Above $7K: Bitcoin Eyes Gains After Death Cross Fails

bitcoin death cross fails

Despite having witnessed a so-called "death cross" over the weekend, bitcoin (BTC) is now eyeing gains above the $7,000 mark. The much-feared technical indicator (bearish crossover between the 50-day moving average (MA) and the 200-day MA) was confirmed over the weekend, but the oversold conditions seem to have put a floor under bitcoin prices. The death cross was further confirmed on Saturday, but did not do significant damage to bitcoin's price.


#coindesk #deathcross


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