Bitcoin bulls are slowly emerging from the shadows following a gruesome month of price action. The world's largest cryptocurrency by market cap is now more than 30% down from October's peak of $10,350. However, since dramatically falling to lows of $6,500 on Monday, Bitcoin has experienced a 10% bounce back up to the $7,150 region. But the relief rally may all be in vain for Bitcoin as the daily death cross has now come to fruition after weeks of nervous anticipation. With the 50 EMA crossing the 200 EMA to the downside, Bitcoin now looks set to explore a path to yearly lows with a further 60% correction on the horizon. It's worth noting that the exponential moving average deathThe post Bitcoin remains bleak as pressure mounts from death cross appeared first on Coin Rivet.
