Bitcoin price must flip $62K to avoid worst 'death cross' consequences đŽ
$BTC is still due to close a daily chart "death cross," but $62,000 resistance could be key to mitigating the $BTC price downside which has followed in the past. Bitcoin can beat its imminent âdeath crossâ if it flips $62,000 to support, the latest analysis says.
$62,000 becomes key BTC price resistance hurdle
Recent $BTC price action has led BTC/USD to the door of another moving average crossover classically known as a âdeath cross.â
This involves the downward-sloping 50-day simple moving average (SMA) crossing below its 200-day equivalent. Currently, the 50-day and 200-day SMAs stand at 61,998 and 91,882, respectively, per data from Cointelegraph Markets Pro and TradingView.
