#ShareYourThoughtOnBTC
Why I’m Casting a Cautious Eye on BTC Right Now
At a glance, Bitcoin remains the market heavyweight—but beneath the surface, several red flags are emerging that could signal a shift in sentiment
Technical Warning Signs
Death Cross on the Horizon
Bitcoin is flirting with a death cross—where the 50-day moving average drops below the 200-day moving average—a classic red flag for trend reversals. In past instances, similar signals preceded drops of 13%–16%.
Fragile Support Below
Analysts pinpoint around $90,680 as a key neckline level. A breakdown here could open the door to a potential 20% correction toward ~$73,000.