Many people who have invested in Bitcoin over the largest digital currency in the world now more than ever see signs of falling, and Bitcoin's death seems to be closest to the latest analysis.
The "death intersection" occurs in financial statistics when the average value in the short term is lower than the average value in the long term. In this way, a cross-shaped form similar to X in the value comparison chart occurs in the two periods under discussion.
Of course, it should be said that this future event does not accurately predict the subject, but it shows the upcoming trend and is aware of the fact that the fall of value is likely to be close.
Recent studies on bitcoin say that over the past 9 months, the average value of this digital currency in the 50-day period is close to its average value during the 200-day period. If the first period of the second period decreases, that is, the two intermediate lines interrupt each other, it can be regarded as the intersection of death and the alarm for investors.
The comparison chart is the 50-day and 200-day value of the bitcoin value.
Analysts from the Goldman Sachs Investment Services Institute said a few days ago that many Bitcoin investors would become vendors in the near future. In this way, the Institute's forecast seems to be closer to reality.
Of course, before selling all your bitcoins, remember that many digital currency investors are not paying much attention to technical analysis, and after a significant increase in bitcoin value to close to $ 20,000 in December By 2017, many have been eager to buy digital money.
Based on the analysis, investors seem to be accustomed to fluctuating bitcoin prices; fluctuations that take place for some reason, including security risks as well as legal constraints.
Ultimately, the decision will be with investors whether they should take such analyzes seriously, or be indifferent to overcome it, in the hope of increasing the bitcoin value in the future, while some analyzes indicate a potential decrease They will value it in the next 10 years.
