Death Cross Hits Bitcoin, but Bulls Say Bottom May Be In
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- Global crypto market cap drops near $3.25T with rising fear.
- Bitcoin prints a Death Cross but sits near major support.
- Resistance stands between $96,764 and $99,644 with no breakout yet.
Crypto prices are under pressure as overall market sentiment turns sharply negative. The total market cap has slipped to about $3.25 trillion, down almost 1%. Most top coins are struggling, with Bitcoin still holding near $96,000, but showing weekly losses, and altcoins showing even weaker confidence.
Additionally, Bitcoin’s chart has just flashed a Death Cross, a technical signal that normally points to weakness. However, analyst Colin argues that this time the pattern could actually turn into a bullish catalyst, especially given where price action has landed.
Why This Setup Is Seen As Bullish
Even though the name sounds alarming, the Death Cross has a history of appearin…
Read The Full Article Death Cross Hits Bitcoin, but Bulls Say Bottom May Be In On Coin Edition.
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Death Cross Hits Bitcoin, but Bulls Say Bottom May Be In
Share:
- Global crypto market cap drops near $3.25T with rising fear.
- Bitcoin prints a Death Cross but sits near major support.
- Resistance stands between $96,764 and $99,644 with no breakout yet.
Crypto prices are under pressure as overall market sentiment turns sharply negative. The total market cap has slipped to about $3.25 trillion, down almost 1%. Most top coins are struggling, with Bitcoin still holding near $96,000, but showing weekly losses, and altcoins showing even weaker confidence.
Additionally, Bitcoin’s chart has just flashed a Death Cross, a technical signal that normally points to weakness. However, analyst Colin argues that this time the pattern could actually turn into a bullish catalyst, especially given where price action has landed.
Why This Setup Is Seen As Bullish
Even though the name sounds alarming, the Death Cross has a history of appearin…
Read The Full Article Death Cross Hits Bitcoin, but Bulls Say Bottom May Be In On Coin Edition.
In This News
Share:
In This News
Share:
Read More
These Three Metrics Show Bitcoin Found Strong Support Near $80,000