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Bitcoin's ‘Death Cross’ Looms as Strategist Eyes $2,800 Level

  • Moving-average indicators of price momentum look bearish
  • 2013 downturn provides ominous signals to technical analysts
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Bloomberg’s Annie Massa discusses Bitcoin’s decline on "Bloomberg Markets." (Source: Bloomberg)
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The tea leaves don’t bode well for Bitcoin.

Traders who look for future price direction in chart patterns are finding more indicators suggesting the world’s largest digital currency may have further to fall.