Another one “Bit” the dust: Is it time to hit the Bitcoin panic button?

You definitely want to keep an eye on how that Bitcoin (BTC) price chart is moving. Analysts are, and they keep pointing to a very dangerous trajectory they know that spells doom to the crypto, as it did for others before it. It’s ominously called the “Death Cross” and that’s when Bitcoin ‘bits’ the dust.

Alright, let’s explain by looking at performance. Cryptocurrencies went from green yesterday, breaching the $8,000 level, back to red today in the $7,400 range after sell-off. BTC is negatively influenced by bear sentiments and pessimistic reports from regulators and advertisement companies, raising questions over the credibility of crypto markets.