Crypto analyst Carl Runefelt, also known as ‘The Moon,’ said the Bitcoin (CRYPTO: BTC) death cross on the weekly time has now been confirmed.
What Happened: In a YouTube video, the analyst said, “Bitcoin is right now getting a death cross, which is the opposite of a golden cross, where we have the 50-week moving average crossing the 200-week moving average — this would indicate the bear market.”
Full story available on Benzinga.com