Cryptocurrencies

Bitcoin Barrels Into ‘Death Cross’ as Backdrop Darkens

Formation may mean prices remain subdued, Greenspan says
Configuration is typically followed by bullish golden cross

WATCH: Lily Liu, co-founder at Earn.com and angel investor in cryptocurrency, discusses Bitcoin's slump to a two-week low.(Source: Bloomberg)

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By Vildana Hajric and Katie Greifeld

June 8, 2021 at 5:38 PM EDT

Corrected

June 9, 2021 at 1:40 AM EDT

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Amid Bitcoin’s decline this week, eagle-eyed chart-watchers noticed an ominous-sounding technical breach could be at hand: the coin is approaching a bearish pattern known as a death cross.

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