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Bitcoin bulls you've been warned.
The cryptocurrency is getting very close to the so-called "death cross." That's chart-reader lingo for when an asset's short-term moving average falls below the long-term level, an occurrence that some analysts say portends a further downward move.
In this case, we're looking at the 50-day average inching dangerously close to the 200-day.
Business Insider's Joe Ciolli has everything you need to know, here>>
Here are the current crypto prices:
What's happening:
- Visa CFO on cryptocurrency: 'You have a bubble when the guy shining your shoes tells you what stock to buy'
- Peter Thiel thinks that bitcoin will be the one crypto to rule them all
- Overstock bears win out as SEC threatens its initial coin offering, Bloomberg reports.
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See Also:
- Bitcoin is dangerously close to a 'death cross' formation that could send it tumbling
- 15 documentaries on Netflix that will make you smarter about business
- GOLDMAN SACHS WARNS: Risks are rising that bitcoin will fall through its February lows
SEE ALSO: Google is banning all bitcoin, ICO, and cryptocurrency ads starting in June
