(DYOR) Crypto Bitcoin: Is A Christmas Miracle Rally Likely?

The death cross is quite an integral part of technical analysis. Such a crossover occurs when a short-term moving average falls below a major long-term moving average. Conventionally, the death cross brings along with it bearish momentum and suggests a down flip in the price.

As illustrated below, Bitcoin’s 50 DMA is on the verge of falling below the 200 DMA. At press time, there was just a $50 difference between the two on the 4-hour timeframe.