Bitcoin’s prolonged price weakness has brought it to the brink of forming a bearish “death cross,” amplifying concerns across the crypto community. The signal, closely followed by technical analysts, typically suggests the possibility of extended downward movement.
The broader crypto market has also been unable to gain steady traction, with major altcoins showing muted or negative price action. Analysts note that global economic uncertainty, profit-taking by whales, and reduced trading volumes are contributing to the current slump.
While the death cross may sound alarming, historical data shows the pattern doesn’t always lead to a long-term downturn. Still, experts recommend cautious trading as volatility is expected to continue.
