Investor sentiment took a hit this week as Bitcoin’s price struggles continued, bringing the world’s largest cryptocurrency close to a “death cross” indicator. The cross — where the short-term average falls below the long-term average — often signals fading market confidence.
Traders say the market is searching for a fresh catalyst to reverse the negative trend. With macroeconomic pressures, geopolitical uncertainty, and slowing liquidity across exchanges, Bitcoin has been unable to break out of its recent trading range.
Despite the looming bearish setup, some long-term investors see the downturn as an opportunity to accumulate Bitcoin at discounted prices, citing the asset’s historical resilience.
