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Crypto Trader Remains Bullish on BTC Despite MA Death Cross

Published 13/02/2023, 09:03
© Reuters Crypto Trader Remains Bullish on BTC Despite MA Death Cross

  • Dan Gambardello tweeted that he remains bullish on BTC despite the recent MA death cross.

  • The 20-day MA line has crossed above the 50-day and 200-day MA lines on BTC’s chart.

  • The price of BTC experienced a slight drop in the last 24 hours.

The crypto trader, Dan Gambardello (@cryptorecruit), quoted a YouTube video of his analysis for Bitcoin (BTC) today on his tweet. In the video, the trader talks about the recent bearish cross that took place with BTC’s 50-week Moving Average (MA) line and the 200-week Moving Average (MA) line.

Although this is a significant bearish flag, Gambardello shared that he sees it as a bullish sign. The main reason he believes that this is an early bullish sign is because of the phase of the current cycle that this cross took place in.

Despite the 50-week MA line crossing below the 200-week MA line, the analyst highlighted the fact that the 20-day MA has crossed bullishly above the 50-day MA, and the 50-day MA has crossed bull…

The post Crypto Trader Remains Bullish on BTC Despite MA Death Cross appeared first on Coin Edition.

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