NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

A Chilling Bitcoin “Death Cross” Reappears With a Gloomy Stocks Correction

Yashu Gola
Yashu Gola
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • Bitcoin has formed a “Death Cross” pattern on its daily chart as price slips ahead of the New York opening bell.
  • The cryptocurrency’s 50-day simple moving average today closed above its 20-day exponential moving average.
  • The pattern surfaced as the U.S. futures signaled a negative session ahead. Bitcoin and the S&P 500 have shown a positive correlation.

Bitcoin’s daily moving averages (MA) have formed a “Death Cross” – a market signal interpreted by some traders as hinting that the cryptocurrency will fall further.

The 20-50 Factor

The ominous indicator confirms its presence when a short-term MA closes below a long-term MA. Chart watchers consider the 50-day MA and 200-day MA as their benchmark moving averages. Nevertheless, a death cross can occur between MA with different timeframes.

bitcoin, btcusd, xbtusd, btcusdt, cryptocurrency

Bitcoin price chart on TradingView.com showing the 50-20 Death Cross and their impact on price. Source: TradingView.com

Bitcoin has painted such an atypical crossover. On Thursday, the cryptocurrency’s 50-day MA moved below its 20-day MA (exponential), confirming a short-term death cross.

Historically, the 50-20 crossover has led the bitcoin price lower. Atop that, it has served as a better real-time indicator of the cryptocurrency’s bias than the typical 50-200 crossover, which pops up after a price crash/surge.

Losses Ahead for Bitcoin

The bearish crossover surfaced just 24 hours before the expiration of $1 billion worth of notional options contracts. Observer note that the event would increase the spot price volatility. However, no one can guarantee how the expiry would impact the Bitcoin price.

But as the “Death Cross” surfaces, possibilities are that the cryptocurrency would move lower. The chart above shows multiple fractals wherein the 50-20 bearish crossover has caused the price to fall by 25-50 percent.

Meanwhile, risks for Bitcoin are also emerging from the U.S. stock market. The S&P 500 closed Wednesday at a 2.5 percent loss as COVID cases resurfaced in some U.S. states amid reopening. The negative outlook remained intact on Thursday as well, as futures tied to the S&P 500 drifted lower by 0.80 percent.

bitcoin, btcusd, xbtusd, btcusdt, cryptocurrency

Bitcoin price chart on TradingView.com showing its correlation with the S&P 500 since March 2020. Source: TradingView.com

Bitcoin tailed the losses in the U.S. stocks. The cryptocurrency fell 3.51 percent on Wednesday – and it continued its downward momentum into the Thursday session, slipping another 0.7 percent as of noon GMT.

Both the S&P 500 and Bitcoin recovered hand-in-hand from their nadir in March 2020. Their rallies appeared as the Federal Reserve announced an open-ended stimulus program to aid the U.S. economy through the COVID pandemic.

Overall, the Fed’s quantitative easing has improved cash liquidity. It may allow traders to lower their demand for the U.S. dollar. The greenback has largely moved opposite to Bitcoin and the S&P 500 since March 2020. As a result, the impact of the ongoing correction should not last for a longer timeframe.

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Meets Heartbreak In Drake’s Latest Track—Details

Grammy‑winning artist Drake has just put out a new track called What Did I Miss? that makes a clear link between...

Christian Encila 6 hours ago
Bitcoin

Are Bitcoin Retail Traders Back In The Market? On-Chain Data Suggests So

Bitcoin started the month of July with a convincing rally to the upside, suggesting a sustained bullish sentiment amongst investors...

Opeyemi Sule 7 hours ago
Bitcoin

Bitcoin Must Hold $106,000 And $98,000 To Avoid Breakdown

Bitcoin is currently holding just above the $108,000 level and bulls are maintaining momentum after a volatile start to July....

Scott Matherson 9 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

XRP

XRP Eyes Breakout As Analysts Predict Rally Alongside Real-World Adoption

Scott Matherson 15 minutes ago
Ethereum

Ethereum Ready For Explosive Breakout: $5,791 The Minimum Target–Analyst

Scott Matherson 3 hours ago
Bitcoin

Bitcoin Exchange Outflows Continue To Rise: Investor Confidence At An All-Time High?

Opeyemi Sule 4 hours ago

Premium Sponsors

Press Releases

  • Make $8,000 a day in stable passive income easily –...

    5 hours ago
  • SunnyMining——A passive income tool that allows ordinary...

    6 hours ago
  • Cryptocurrency is the best way to get rich quickly, easily...

    21 hours ago
  • XRP Cryptocurrency × Dogecoin Mining: HASHJ launches...

    1 day ago
  • Koja kriptovaluta ima veći potencijal za stvaranje milijunaša XRP ili Shiba Inu

    Koja kriptovaluta ima veći potencijal za stvaranje...

    1 day ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.