Second Bitcoin Death Cross On The 12-HR Chart In 2021 Is Here

Yesterday Bitcoin got a Death Cross on the 12-hour chart for the first time since this past May. For those of you who are not yet familiar with this term, a Death Cross is a chart pattern that appears when a stock’s short-term Moving Average (typically 50-MA) - meaning the average price over a certain period – crosses below its long-term Moving Average (typically 200-MA). The opposite of a Death Cross is called a Golden Cross.