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๐ฐ Crypto Market Update โ June 5, 2025
๐ Bitcoin Dips Below $105K Amid Market Volatility
Bitcoin has fallen below the $105,000 mark, trading at approximately $104,649, reflecting a 0.67% decline in the last 24 hours. This downturn is attributed to bearish divergence and weak derivatives data, signaling a potential deeper correction ahead.
๐ Golden Cross Signals Potential Bullish Trend
A Golden Cross has been confirmed on the total crypto market cap chart, where the 50-day moving average crosses above the 200-day moving average. This technical indicator is often seen as a strong buy signal, suggesting a potentially massive bullish trend for Bitcoin and altcoins.
๐ฌ What's Your Take?
Is the recent dip a buying opportunity or a sign of further decline?
Will the Golden Cross lead to a sustained bullish trend?
๐ Share your thoughts in the comments below!
#Bitcoin #CryptoNews