Bitcoin still hobbling in the bearish zone with the death cross confirmed
Despite the Death Cross revelation, investors need not panic much as the indicator is not a final verdict on where the price of Bitcoin is moving to in the short term. The current price outlook is being fueled by a wide array of negative regulatory sentiment surrounding the U.S. Securities and Exchange Commission's These negative sentiments do not last long, and we can see both retail and institutional investors get weaned off the FUD and start accumulating the digital currency once again.
While the death cross is flashing a likely switch to a price fall, Bitcoin's Relative Strength Index is currently pegged at 51, a neutral region. This implies the price can go either way, and a price fall will only happen if the current sell-off continues.
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