- BTC saw a 0.15% drop in price over the last 24 hours.
- A crypto influencer is concerned about BTC.
- A death cross could be a reality for BTC in the near future.
The crypto market leader, Bitcoin (BTC), has made it onto CoinMarketCap’s trending list despite being in the red for the day so far. According to the crypto market tracking website, BTC saw a 0.15% drop in price over the last 24 hours to now trade at $16,816.59, after reaching a low of $16,755.91 over the same time period.
When looking at the longer time frames, we see that BTC is still in the red by more than 5% over the last week but is, however, still up by about 7.15% over the last thirty days.
The crypto king also weakened against its biggest competitor in the market, Ethereum (ETH), by about 0.15% throughout the last day. Also in the red zone is the crypto’s 24-hour trading volume, which now stands at $14,032,642,274 after a more than 24% decrease.
Unfortunately, things could get much worse for BTC in the coming days. A well-known crypto influencer who goes by the name of “Bleeding Crypto” took to Twitter early on December 22 to share his opinion about what could happen with the price of BTC in the near future.
According to the post, BTC could be staring a death cross in the face as its 50-day Exponential Moving Average (EMA) line could be crossing over the 200 EMA line. This could be a very significant event, as this has never happened in the history of BTC. The influencer concluded his post by stating that it is “funny” that not many people are talking about this possibility for the crypto king.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.