Bitcoin trader fears a bear market comeback: Watch the US dollar

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Pick your cross! It's all about a golden cross, a death cross, and the Federal Reserve when it comes to Bitcoin price action in the first half of the week. (Reporting via WilliamSuberg)

followed BTC/USD as it ignored the start of United States equities trading to stay near $22,800.

Bitcoin thus worried market participants as the week began, with an increasing number eyeing a potential retest of $20,000 or lower.classic chart featuresRepresenting interplay between the 50- and 200-day moving averages, golden and death crosses traditionally indicate upcoming bullish and bearish moves, respectively.that automated trading tools may buy or sell as required should one or both events occur.

 

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