Monday, January 24, 2022

Bitcoin approaches Death Cross as Goldman predicts 4 Fed rate hikes this year

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That said, the technical indicator’s past record as a predictor of bear markets is mixed. According to Kraken research, many of Bitcoin’s previous death crossovers, including those seen in 2014 and 2018, have coincided with “either a massive sell-off in the days that followed or a continued downward macroeconomic trend that confirmed a bear market ”.

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