Another drop is in the books, and bitcoin is hovering at a monthly low of approximately $7,400. While predictions remain relatively varied, some believe that bitcoin may be heading towards a “death cross,” and that the price could drop to new levels before any serious recovery is experienced. First and foremost, a death cross occurs when an asset’s short-term average sinks lower than its long-term average. Sadly, this has occurred with bitcoin, as the currency’s 50-day marker is now lower than its 200-day marker. The currency has been hit with multiple marketing and advertising bans from major internet players includingPowered by WPeMatico
