Will Bitcoin dead after Death Cross and What is Death Cross & Accumulation/Distribution Zone?

Will Bitcoin dead after Death Cross and What is Death Cross & Accumulation/Distribution Zone?

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Previously, we have discussed What to do with Bitcoin? If you have not checked this. Click here to read this.

So, We have seen many people on Social media talking about the Death Cross of Bitcoin. We are here to discuss Death Cross and What happened to Bitcoin and other Cryptocurrencies after reaching Death cross.

Stay tuned with us.

What is Death Cross?

Death Cross is the intersection of Daily moving Average Trade trend lines. It can be shown in Chart format only. For example, if we have 50 Daily Moving Average line crossed the 200 Daily Moving Average Line. Here we have an image to show this trend.

Death Cross is the intersection of Daily moving Average Trade trend lines. It can be shown in Chart format only.
Death Cross is the intersection of Daily moving Average Trade trend lines. It can be shown in Chart format only.

What is Accumulation/Distribution Zone?

Accumulation / Distribution Zone is nothing but a form of Charting. It’s an area of the chart where we found divergence in price fluctuation. For example, let’s talk about Bitcoin, after a big dip in Bitcoin Market, it continuously fluctuating between the same Resistance and Support zone. And In this Zone, Investors are continuously investing in huge numbers, if the commodity has the potential to grow in future.  As shown below.

Accumulation / Distribution Zone is nothing but a form of Charting. It's an area of the chart where we found divergence in price fluctuation
Accumulation / Distribution Zone is nothing but a form of Charting. It’s an area of the chart where we found divergence in price fluctuation

Is Bitcoin and other Alt Coins dead after this Death Cross happened?

As we know, Crypto Market is very volatile in nature.  This crossing of Different Daily Moving Average lines happens at every uptrend and downtrend in a volatile market. Even in the Stock market, if a stock is volatile, this happens similar to it.

In March 2020, Bitcoin has the same Death Cross signal shows. It pulls down the Bitcoin price and retains its Accumulation zone for about 2-3 months. After this Death Cross, Bitcoin moves uptrend to achieve its all-time high position.

In March 2020, Bitcoin has the same Death Cross signal shows. It pulls down the Bitcoin price and retains its Accumulation zone for about 2-3 months. After this Death Cross, Bitcoin moves uptrend to achieve its all-time high position.
In March 2020, Bitcoin has the same Death Cross signal shows. It pulls down the Bitcoin price and retains its Accumulation zone for about 2-3 months. After this Death Cross, Bitcoin moves uptrend to achieve its all-time high position.

This Accumulation zone decides the Bullish and Bearing nature of Commodity.

Currently, Bitcoin is under Accumulation Zone. It fluctuates between the same Resistance and Support Zone i.e. $40000 – $34000.

As we discuss above that in Accumulation / Distribution Zone, Market is Bearish. In this zone, investors invest in huge amount. And after Accumulation it revert back to all time high position.

It may take few months to make Bitcoin Bullish. So, you can trade in Bitcoin / Altcoin by using the Warren Buffett formula “Buy the Fear and Sell the Greed”.

Thanks for reading.

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