Bitcoin (BTC) is currently grappling with a severe technical test as market analysts sound the alarm over a potential "death cross"—a historically reliable bearish indicator. A sustained decline in price, specifically breaching the psychological and technical barrier around $102,000, is projected to trigger the cycle’s fourth such event. The death cross occurs when the 50-day exponential moving average (MA) descends and crosses beneath the much slower-moving 200-day MA, signaling a potential shift from long-term uptrend to downtrend. While encouraging signs persist in the fundamental layers, with on-chain data hinting that the asset is already settling into a necessary bottoming phase, the immediate control of the market now rests entirely on the ability of bulls to effectively defend and solidify the price zone between $108,000 and $110,000 as a confirmed new level of support, reports The WP Times with reference to Telegram.
The looming threat of the death cross carries significant psychological weight for traders, often leading to increased selling pressure as automated trading systems react to the signal. However, the contradiction between the bearish technical indicator and the bullish sentiment suggested by on-chain metrics creates a tense standoff. Analysts note that maintaining the $108,000–$110,000 range is paramount not just for avoiding the cross, but for validating the narrative of a healthy market correction. Should this level fail to hold, the focus will quickly shift to defending the crucial $102,000 line itself. The market is thus poised at a critical juncture, where technical indicators are battling against the underlying strength suggested by network activity and accumulation trends.
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