Bitcoin has confirmed a death cross, indicating a potential shift into a bear market. Historical evidence shows that this pattern often leads to price collapses of 64%-77%.
As selling pressure mounts, many investors are offloading BTC holdings at a loss, resulting in realized losses exceeding 800 million USD this month.
Analysts emphasize that Bitcoin must reclaim critical moving averages promptly. Failure to do so could indicate a prolonged bearish trend.
Leave a Reply