Bitcoin Few Weeks Away From Its First Weekly Chart 'Death Cross'

Bitcoin's 13-month bear market has the cryptocurrency staring at its first weekly chart 'death cross' on record. Reports godbole17.

Things could soon go from bad to worse for bitcoin traders looking for bullish cues on technical charts.

According to technical analysis theory, the bearish intersection of the two averages often referred to as the death cross, means the market is about to head into a tailspin. Bitcoin's weekly chart shows an impending death cross, the first in the cryptocurrency's 13 year history. Seasoned traders, therefore, read the death cross in conjunction with other chart factors and fundamental indicators, which are split on the next possible move in bitcoin.

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