{"id":416435,"date":"2020-02-29T08:37:41","date_gmt":"2020-02-29T08:37:41","guid":{"rendered":"https:\/\/wncen.com\/?p=416435"},"modified":"2024-06-11T09:07:56","modified_gmt":"2024-06-11T09:07:56","slug":"bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/","title":{"rendered":"Bitcoin Falls Below Moving Averages that Made Super-Bullish Golden Cross"},"content":{"rendered":"<p><a href=\"https:\/\/wncen.com\/2020\/02\/06\/bitcoin-golden-cross-crypto-bull-run\/\">Bitcoin recently made a &#8220;Golden Cross&#8221;<\/a> where the 50-day moving average closed above the 200-day moving average, a positive development for traders who see it as a very bullish indicator. However, the benchmark cryptocurrency fell sharply right after forming the bullish crossover.<\/p>\n<p>The bitcoin-to-dollar exchange rate slipped below both the 50- and 200-DMA earlier this week, going against the perceived upside sentiment that was led by the <a href=\"https:\/\/www.investopedia.com\/terms\/g\/goldencross.asp\" rel=\"noopener noreferrer nofollow\">Golden Cross<\/a> formation. The pair on Friday established a weekly low at $8,428.80. At its week-to-date high, it was trading at $10,030 on US crypto exchange Coinbase.<\/p>\n<figure id=\"attachment_416438\" aria-describedby=\"caption-attachment-416438\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/bitcoin-price-29022020-2.png\" rel=\"noopener noreferrer \"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-416438 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/bitcoin-price-29022020-2.png?resize=860%2C509\" alt=\"dji, dow jones, bitcoin, cryptocurrency\" width=\"860\" height=\"509\"><\/a><figcaption id=\"caption-attachment-416438\" class=\"wp-caption-text\">BTC\/USD slips below its bullish Golden Cross | Source: TradingView.com, Coinbase<\/figcaption><\/figure>\n<p>Bitcoin fell into a sell trap shortly after <a href=\"https:\/\/wncen.com\/2020\/02\/25\/bitcoin-may-crash-with-the-stock-market-as-economic-crisis-looms-analyst\/\">investors started losing faith in global stocks and commodities<\/a>. Sitting atop attractive profits, the cryptocurrency became an attractive asset among people who were looking to generate cash. They sold anything for bid and ran under the safety of whatever they perceived was their haven.<\/p>\n<p>Even <a href=\"https:\/\/wncen.com\/2020\/02\/28\/gold-tanks-hard-is-store-of-value-narrative-at-threat-like-bitcoin\/\">Gold<\/a>, often treated as an outdated version of a digital bitcoin, slipped huge ahead of closing the week. Investors sold it for hard cash, similar to how they did during the 2008 financial crisis.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Despite today&#39;s decline, the price of <a href=\"https:\/\/twitter.com\/hashtag\/gold?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#gold<\/a> is still up over 6.5% so far this year. Yet the GDX, an index of gold mining stocks is down almost 10%. Traders still don&#39;t get it. Gold is headed much higher, as are the earnings &amp; reserve values of companies that mine it. Buy the dip!<\/p>\n<p>&mdash; Peter Schiff (@PeterSchiff) <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/28587777?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 28, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Little Predictive Power<\/h2>\n<p>Bitcoin&#8217;s downside moves showed that investors, in general, did not treat the Golden Cross as a signal to enter the market. The trend also presented that the indicator has little predictive power against severe macroeconomic fundamentals. Sometimes, the prices go up, and sometimes, they go down.<\/p>\n<p>But taking cues from the Dow Jones, a US index that formed the Cross in 2019 for the first time in three years, one can notice that they tend to give consistently positive results after six months or so. The Dow had surged by more than 14 percent as of February 12, 2020, after making the Golden Cross on March 19 last year.<\/p>\n<figure id=\"attachment_416437\" aria-describedby=\"caption-attachment-416437\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/bitcoin-price-29022020-1.png\" rel=\"noopener noreferrer \"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-416437 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/bitcoin-price-29022020-1.png?resize=860%2C509\" alt=\"dji, dow jones, bitcoin, cryptocurrency\" width=\"860\" height=\"509\"><\/a><figcaption id=\"caption-attachment-416437\" class=\"wp-caption-text\">DJI plunges below its moving averages as well | Source: TradingView.com<\/figcaption><\/figure>\n<p>The super-bullish technical indicator failed nevertheless, hit by the <a href=\"https:\/\/wncen.com\/2020\/02\/26\/gold-coronavirus-bitcoin-safe-haven\/\">spreading of the Coronavirus<\/a> in and outside China. Even the Dow fell below its own Golden Cross in the latest sell-off, showing how investors just wanted liquidity. Bitcoin, which had surged by more than 40 percent before the plunge, stood no chance.<\/p>\n<h2>Hopeful Tomorrow for Bitcoin<\/h2>\n<p>On Friday, the <a href=\"https:\/\/www.cnbc.com\/2020\/02\/28\/feds-powell-says-coronavirus-poses-evolving-risks-pledges-to-act-as-appropriate-for-economy.html\" rel=\"noopener noreferrer nofollow\">US Federal Reserve came to rescue the market<\/a> by assuring investors that &#8220;the fundamentals of the US economy remain strong.&#8221; Nevertheless, the chairman Jerome Powell also said that they would \u201c act as appropriate to support the economy.\u201d<\/p>\n<blockquote><p>&#8220;The coronavirus poses evolving risks to economic activity. The Federal Reserve is closely monitoring developments and their implications for the economic outlook,&#8221; he stated.<\/p><\/blockquote>\n<p>The statements came at the time when the market clamored for the Fed to introduce fresh rate cuts. Unlike the European Central Bank, whose dovish policies have pushed the rates way below zero, the Fed still has scope to trim its own. They are currently 1.5 percent to 1.75 percent.<\/p>\n<p>Easy borrowing could give investors more money to support their portfolios. Some part of that cash could also reach bitcoin, leading it to continue the uptrend above the Golden Cross, especially in the wake of its own <a href=\"https:\/\/wncen.com\/2020\/02\/21\/bitcoin-to-explode-by-80-before-halving-according-to-past-cycle-comparison\/\">supply rate cut in May 2020<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin recently made a &#8220;Golden Cross&#8221; where the 50-day moving average closed above the 200-day moving average, a positive development for traders who see it as a very bullish indicator. However, the benchmark cryptocurrency fell sharply right after forming the bullish crossover. The bitcoin-to-dollar exchange rate slipped below both the 50- and 200-DMA earlier this week, going against the perceived upside sentiment that was led by the Golden Cross formation. The pair on Friday established a weekly low at $8,428.80. At its week-to-date high, it was trading at $10,030 on US crypto exchange Coinbase. Bitcoin fell into a sell trap shortly after investors started losing faith in global stocks and commodities. Sitting atop attractive profits, the cryptocurrency became an attractive asset among people who were looking to generate cash. They sold anything for bid and ran under the safety of whatever they perceived was their haven. Even Gold, often treated as an outdated version of a digital bitcoin, slipped huge ahead of closing the week. Investors sold it for hard cash, similar to how they did during the 2008 financial crisis. Despite today&#39;s decline, the price of #gold is still up over 6.5% so far this year. Yet the GDX, an index of gold mining stocks is down almost 10%. Traders still don&#39;t get it. Gold is headed much higher, as are the earnings &amp; reserve values of companies that mine it. Buy the dip! &mdash; Peter Schiff (@PeterSchiff) February 28, 2020 Little Predictive Power Bitcoin&#8217;s downside moves showed that investors, in general, did not treat the Golden Cross as a signal to enter the market. The trend also presented that the indicator has little predictive power against severe macroeconomic fundamentals. Sometimes, the prices go up, and sometimes, they go down. But taking cues from the Dow Jones, a US index that formed the Cross in 2019 for the first time in three years, one can notice that they tend to give consistently positive results after six months or so. The Dow had surged by more than 14 percent as of February 12, 2020, after making the Golden Cross on March 19 last year. The super-bullish technical indicator failed nevertheless, hit by the spreading of the Coronavirus in and outside China. Even the Dow fell below its own Golden Cross in the latest sell-off, showing how investors just wanted liquidity. Bitcoin, which had surged by more than 40 percent before the plunge, stood no chance. Hopeful Tomorrow for Bitcoin On Friday, the US Federal Reserve came to rescue the market by assuring investors that &#8220;the fundamentals of the US economy remain strong.&#8221; Nevertheless, the chairman Jerome Powell also said that they would \u201c act as appropriate to support the economy.\u201d &#8220;The coronavirus poses evolving risks to economic activity. The Federal Reserve is closely monitoring developments and their implications for the economic outlook,&#8221; he stated. The statements came at the time when the market clamored for the Fed to introduce fresh rate cuts. Unlike the European Central Bank, whose dovish policies have pushed the rates way below zero, the Fed still has scope to trim its own. They are currently 1.5 percent to 1.75 percent. Easy borrowing could give investors more money to support their portfolios. Some part of that cash could also reach bitcoin, leading it to continue the uptrend above the Golden Cross, especially in the wake of its own supply rate cut in May 2020.<\/p>\n","protected":false},"author":50,"featured_media":416439,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,4],"tags":[428,1558,56432,69162],"class_list":["post-416435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-analysis","tag-bitcoin","tag-cryptocurrency","tag-dji","tag-dow"],"acf":[],"yoast_head":"\n<title>Bitcoin Falls Below Moving Averages that Made Super-Bullish Golden Cross<\/title>\n<meta name=\"description\" content=\"Bitcoin recently made a &quot;Golden Cross&quot; where the 50-day moving average closed above the 200-day moving average, a positive development for traders who see\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Falls Below Moving Averages that Made Super-Bullish Golden Cross\" \/>\n<meta property=\"og:description\" content=\"Bitcoin recently made a &quot;Golden Cross&quot; where the 50-day moving average closed above the 200-day moving average, a positive development for traders who see\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-29T08:37:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T09:07:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/shutterstock_1579800610.jpg?fit=1000%2C468\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"468\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Yashu Gola\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yashu Gola\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/\"},\"author\":{\"name\":\"Yashu Gola\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5525937b173cfbe70c9793968201315f\"},\"headline\":\"Bitcoin Falls Below Moving Averages that Made Super-Bullish Golden Cross\",\"datePublished\":\"2020-02-29T08:37:41+00:00\",\"dateModified\":\"2024-06-11T09:07:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/\"},\"wordCount\":546,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/shutterstock_1579800610.jpg?fit=1000%2C468\",\"keywords\":[\"bitcoin\",\"cryptocurrency\",\"dji\",\"dow\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\",\"Technical analysis\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/\",\"name\":\"Bitcoin Falls Below Moving Averages that Made Super-Bullish Golden Cross\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/shutterstock_1579800610.jpg?fit=1000%2C468\",\"datePublished\":\"2020-02-29T08:37:41+00:00\",\"dateModified\":\"2024-06-11T09:07:56+00:00\",\"description\":\"Bitcoin recently made a \\\"Golden Cross\\\" where the 50-day moving average closed above the 200-day moving average, a positive development for traders who see\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/shutterstock_1579800610.jpg?fit=1000%2C468\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/shutterstock_1579800610.jpg?fit=1000%2C468\",\"width\":1000,\"height\":468,\"caption\":\"Bitcoin Falls Below Moving Averages that Made Super-Bullish Golden Cross\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Falls Below Moving Averages that Made Super-Bullish Golden Cross\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5525937b173cfbe70c9793968201315f\",\"name\":\"Yashu Gola\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/28bbfac767d31469cf5062a0d68508d3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/28bbfac767d31469cf5062a0d68508d3?s=96&d=mm&r=g\",\"caption\":\"Yashu Gola\"},\"description\":\"Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 \u2013 and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN. Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.\",\"url\":\"https:\/\/wncen.com\/author\/gola-yashu\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Falls Below Moving Averages that Made Super-Bullish Golden Cross","description":"Bitcoin recently made a \"Golden Cross\" where the 50-day moving average closed above the 200-day moving average, a positive development for traders who see","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Falls Below Moving Averages that Made Super-Bullish Golden Cross","og_description":"Bitcoin recently made a \"Golden Cross\" where the 50-day moving average closed above the 200-day moving average, a positive development for traders who see","og_url":"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-02-29T08:37:41+00:00","article_modified_time":"2024-06-11T09:07:56+00:00","og_image":[{"width":1000,"height":468,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/shutterstock_1579800610.jpg?fit=1000%2C468","type":"image\/jpeg"}],"author":"Yashu Gola","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Yashu Gola","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/"},"author":{"name":"Yashu Gola","@id":"https:\/\/wncen.com\/#\/schema\/person\/5525937b173cfbe70c9793968201315f"},"headline":"Bitcoin Falls Below Moving Averages that Made Super-Bullish Golden Cross","datePublished":"2020-02-29T08:37:41+00:00","dateModified":"2024-06-11T09:07:56+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/"},"wordCount":546,"commentCount":0,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/shutterstock_1579800610.jpg?fit=1000%2C468","keywords":["bitcoin","cryptocurrency","dji","dow"],"articleSection":["Bitcoin","Cryptocurrency Market News","Technical analysis"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/","url":"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/","name":"Bitcoin Falls Below Moving Averages that Made Super-Bullish Golden Cross","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/shutterstock_1579800610.jpg?fit=1000%2C468","datePublished":"2020-02-29T08:37:41+00:00","dateModified":"2024-06-11T09:07:56+00:00","description":"Bitcoin recently made a \"Golden Cross\" where the 50-day moving average closed above the 200-day moving average, a positive development for traders who see","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/shutterstock_1579800610.jpg?fit=1000%2C468","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/shutterstock_1579800610.jpg?fit=1000%2C468","width":1000,"height":468,"caption":"Bitcoin Falls Below Moving Averages that Made Super-Bullish Golden Cross"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Falls Below Moving Averages that Made Super-Bullish Golden Cross"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/5525937b173cfbe70c9793968201315f","name":"Yashu Gola","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/28bbfac767d31469cf5062a0d68508d3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/28bbfac767d31469cf5062a0d68508d3?s=96&d=mm&r=g","caption":"Yashu Gola"},"description":"Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 \u2013 and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN. Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.","url":"https:\/\/wncen.com\/author\/gola-yashu\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Falls Below Moving Averages that Made Super-Bullish Golden Cross","url":"http:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/shutterstock_1579800610.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/shutterstock_1579800610.jpg?fit=1000%2C468"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Yashu Gola"}],"creator":["Yashu Gola"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","cryptocurrency","dji","dow"],"dateCreated":"2020-02-29T08:37:41Z","datePublished":"2020-02-29T08:37:41Z","dateModified":"2024-06-11T09:07:56Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Falls Below Moving Averages that Made Super-Bullish Golden Cross\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-falls-below-moving-averages-that-made-super-bullish-golden-cross\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/shutterstock_1579800610.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/shutterstock_1579800610.jpg?fit=1000%2C468\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Yashu Gola\"}],\"creator\":[\"Yashu Gola\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"cryptocurrency\",\"dji\",\"dow\"],\"dateCreated\":\"2020-02-29T08:37:41Z\",\"datePublished\":\"2020-02-29T08:37:41Z\",\"dateModified\":\"2024-06-11T09:07:56Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/shutterstock_1579800610.jpg?fit=1000%2C468","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/416435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=416435"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/416435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/416439"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=416435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=416435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=416435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}