Bitcoin Faces Technical Crossroads Amid Looming ‘Death Cross’ – AdLunam

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Bitcoin Faces Technical Crossroads Amid Looming ‘Death Cross’

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Moonlit Aura

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April 17, 2025 at 10:07 am

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Moonlit Aura

@moonlitaura

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As of mid-April 2025, Bitcoin 🪙 is nearing a “death cross,” 📉 a bearish signal. The 50-day moving average is dipping below the 200-day, with a $2,000 gap. Historically, such patterns led to downturns.

Analysts are divided on the implications. Some caution against overreacting, others advise preparing for a potential 13% drop to $73,800. 🐻

This technical setup comes after Bitcoin’s surge past $100,000.🚀 Despite the death cross, long-term optimism persists due to finite supply and institutional adoption. 🏦

Investors should monitor technical indicators and market sentiments closely. 👀

post url: https://altcoin.observer/bitcoin-faces-technical-crossroads-amid-looming-death-cross-2/
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