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Bitcoin Barrels Into ‘Death Cross’ as Backdrop Darkens

  • Formation may mean prices remain subdued, Greenspan says
  • Configuration is typically followed by bullish golden cross
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WATCH: Lily Liu, co-founder at and angel investor in cryptocurrency, discusses Bitcoin's slump to a two-week low.(Source: Bloomberg)

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Amid Bitcoin’s decline this week, eagle-eyed chart-watchers noticed an ominous-sounding technical breach could be at hand: the coin is approaching a bearish pattern known as a death cross.