RE: Crypto Suddenly Spikes Higher As Bitcoin 'Death Cross' Looms
Yeah bitcoin is leading the charge.. but it still has a long way to go. Bitcoin's 50-day moving average crossing over the 200 day moving average on the down side is cause for worrying. I've been a staunch follower of the progress of bitcoin and I haven't witnessed it crossing below this level in months. The media is reporting some people that are starting to sell to get out of the market after hearing of google's ban and how badly it's affecting the prices. This is a huge signal of panic among the public. But this I continue to encourage people to calm down. This is a new currency that is a few years in transition. These prices swings are bound to happen for them to finally settle at their peaks when the globe goes crypto. And no one would love to look on with a feeling of regret for not taking a chance to invest at an early stage when this time comes. I expect these prices to continue being volatile throughout this year because of the huge controversial decisions coming in.. but after this, the investors will all be smiles.