A Passing Cross Could Be Possible For BTC Before long

The crypto market pioneer, Bitcoin (BTC), has made it onto CoinMarketCap's moving rundown in spite of being in the red for the day up to this point. As per the crypto market following site, BTC saw a 0.15% drop in cost throughout the course of recent hours to now exchange at $16,816.59, in the wake of arriving at a low of $16,755.91 throughout a similar time span.

While taking a gander at the more extended time periods, we see that BTC is still in the red by over 5% throughout the past week yet is, in any case, still up by around 7.15% throughout recent days.

The crypto lord additionally debilitated against its greatest rival on the lookout, Ethereum (ETH), by around 0.15% over the course of the past day. Likewise in the red zone is the crypto's 24-hour exchanging volume, which currently remains at $14,032,642,274 after an over 24% lessening.

Sadly, things could deteriorate for BTC before very long. A notable crypto powerhouse who goes by the name of "Draining Crypto" took to Twitter from the beginning of December 22 to impart his insight about what could occur with the cost of BTC soon.

As per the post, BTC could be looking straight at a passing cross as its 50-day Remarkable Moving Normal (EMA) line could be getting over the 200 EMA line. This could be an extremely critical occasion, as this has never occurred throughout the entire existence of BTC. The powerhouse closed his post by expressing that it is "interesting" that very few individuals are discussing these opportunities for the crypto lord.