In other words, by the death crosses, March and October losses. A death cross, or the discount to its long-term moving day SMAs, is widely taken an overstretched bearish move and potential for reversal higher.
Unlike government currencies that can be issued subjectively and at will by central bankers, only 21 million bitcoins can ever be created. Retrieved 8 July Trillions of dollars of money printing this year by the Federal Reserve and other central banks have galvanized bitcoin's use as a hedge against currency debasement by investors from both cryptocurrency markets and traditional finance. But based on officials tallies of the dollar's share of global foreign reserves, the U. Markets Insider.
