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Massive Slump Threatens Bitcoin With Death Cross Possibility

Bitcoin approaches the Death Cross pattern after massive slumps in recent months. Bitcoin’s recently dipped below $40,000, although it has quickly recovered its...
Massive Slump Threatens Bitcoin With Death Cross Possibility © Reuters. Massive Slump Threatens Bitcoin With Death Cross Possibility

  • Bitcoin approaches the Death Cross pattern after massive slumps in recent months.
  • Bitcoin’s recently dipped below $40,000, although it has quickly recovered its position.
  • The inflation in the BTC price also affects Binance Coin, Ethereum, and Solana.

After a couple of disastrous weeks, Bitcoin is now on the verge of witnessing a threatening price pattern known as the Death Cross. Now, the currency is under massive dump as the 50-day Moving Average is dropping below the 200-day Moving Average. In fact, last Monday, the BTC price dipped below $40,000 for the first time since September 2021.

BTC/USDT 1-day chart (source: TradingView)

Although this slump directly affects BTC investors, the price of other cryptocurrencies like Binance Coin (BNB), Ethereum (ETH), and Solana are also under threat.

In October 2021, the price of Bitcoin reached an all-time high (ATH) record of $68,500, when the first spot-based Bitcoin ETF appeared in the New York Stock Exchange (NYSE). Subsequently, the value of digital tokens has undergone a constant fall, depicting the longest losing strips since August 2019.

Despite the price having recovered from the Monday dip, the Death Cross seems imminent. At present, the biggest challenge of Bitcoin is to reach above the $40,000 scale to move away from the mentioned bearish signal.

Many experts say that if this Death Cross indeed manifests, investors could panic-sell and bring a sell-off season. Whenever a sell-off season occurred, BTC value would abruptly go down to record lows. In fact, on May 30, 2021, the BTC price moved down from $36,500 to $28,000 within 24 days. Additionally, in March 2020, Bitcoin’s value declined from $8,000 to $4,000 in a single day.

As the Federal Reserve takes stringent actions on inflation, Bitcoin has come up with even more trouble. It has lost nearly 40% in the few months after reaching an outstanding rally in October.

Meanwhile, the International Monetary Fund has come up with a new warning regarding the stock market. The financial authority also added that the fragile cryptocurrency price movement could result in risks to various financial markets.

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27-01-2022 19:21:31 (UTC+7)

EUR/USD

1.1140

-0.0003 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

EUR/USD

1.1140

-0.0003 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

GBP/USD

1.3382

-0.0003 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (8)

USD/JPY

115.46

+0.12 (+0.10%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

AUD/USD

0.7032

+0.0001 (+0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

USD/CAD

1.2744

+0.0004 (+0.03%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (2)

EUR/JPY

128.62

+0.10 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (1)

EUR/CHF

1.0377

+0.0008 (+0.08%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (3)

Gold Futures

1,794.90

+1.80 (+0.10%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (7)

Silver Futures

22.733

+0.057 (+0.25%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Copper Futures

4.4205

+0.0040 (+0.09%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (2)

Crude Oil WTI Futures

87.28

+0.67 (+0.77%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

Brent Oil Futures

88.84

+0.15 (+0.17%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

Natural Gas Futures

4.329

-0.009 (-0.21%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

US Coffee C Futures

231.78

-7.12 (-2.98%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (2)

Euro Stoxx 50

4,184.97

+20.37 (+0.49%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

S&P 500

4,326.50

-23.43 (-0.54%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

DAX

15,524.27

+64.88 (+0.42%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

FTSE 100

7,554.31

+84.53 (+1.13%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (1)

Hang Seng

23,807.00

-482.90 (-1.99%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

US Small Cap 2000

1,932.23

-44.24 (-2.24%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (2)

Sell (4)

IBEX 35

8,706.00

+85.80 (+1.00%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (1)

BASF SE NA O.N.

68.450

+1.140 (+1.69%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Bayer AG NA

52.58

+1.03 (+2.00%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (10)

Allianz SE VNA O.N.

228.70

+3.90 (+1.73%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (11)

Adidas AG

242.15

-1.05 (-0.43%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Deutsche Lufthansa AG

7.045

-0.022 (-0.31%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (6)

Siemens AG Class N

140.50

-0.74 (-0.52%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (9)

Deutsche Bank AG

11.920

+0.500 (+4.38%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (8)

 EUR/USD1.1140↑ Sell
 GBP/USD1.3382↑ Sell
 USD/JPY115.46↑ Buy
 AUD/USD0.7032↑ Sell
 USD/CAD1.2744↑ Buy
 EUR/JPY128.62↑ Buy
 EUR/CHF1.0377Neutral
 Gold1,794.90↑ Sell
 Silver22.733↑ Sell
 Copper4.4205Buy
 Crude Oil WTI87.28↑ Sell
 Brent Oil88.84↑ Buy
 Natural Gas4.329↑ Sell
 US Coffee C231.78Buy
 Euro Stoxx 504,184.97↑ Buy
 S&P 5004,326.50↑ Sell
 DAX15,524.27↑ Buy
 FTSE 1007,554.31↑ Buy
 Hang Seng23,807.00↑ Buy
 Small Cap 20001,932.23Neutral
 IBEX 358,706.00↑ Buy
 BASF68.450↑ Sell
 Bayer52.58↑ Sell
 Allianz228.70↑ Sell
 Adidas242.15↑ Sell
 Lufthansa7.045↑ Sell
 Siemens AG140.50↑ Sell
 Deutsche Bank AG11.920↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,195/ 6,235
(0/ 0) # 1,263
SJC HCM6,195/ 6,255
(0/ 0) # 1,284
SJC Hanoi6,195/ 6,257
(0/ 0) # 1,286
SJC Danang6,195/ 6,257
(0/ 0) # 1,286
SJC Nhatrang6,195/ 6,257
(0/ 0) # 1,286
SJC Cantho6,195/ 6,257
(0/ 0) # 1,286
Cập nhật 27-01-2022 19:21:33
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$1,796.06-26.1-1.43%
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ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2486025350
RON 95-II,III
E5 RON 92-II2359024060
DO 0.05S1890019270
DO 0,001S-V1925019630
Dầu hỏa1779018140
ↂ Giá dầu thô thế giới
WTI$87.30+0.971.11%
Brent$89.95+0.921.02%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.470,0022.780,00
EUR24.775,4326.164,36
GBP29.663,4530.930,27
JPY191,46202,68
KRW16,2819,84
Cập nhật lúc 07:19:49 28/01/2022
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