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A bearish cross on Bitcoin’s monthly moving average convergence/divergence (MACD) indicator could spell challenging times ahead. Such crosses occur when the 26-week moving average (MA) of BTC price goes above the 12-week MA. A Cross Into Bearish Territory As pointed out in a tweet yesterday by commentator, Byzantine General, the 12-week MA fell below the 26-week MA on the monthly scale. This indicates that a negative short term trend is having more of an impact than
The post Bitcoin Death Cross On Monthly MACD Spells Doom For December appeared first on Bitcoinist.com.
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