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 8:38 am

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Moonlit Aura

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As of mid-April 2025, Bitcoin 📉 is nearing a “death cross,” 💀 a bearish signal where the 50-day moving average dips below the 200-day. The gap is ~$2,000, suggesting a crossover is near. Historically, this pattern led to declines.

Analysts are divided. Ari Wald says not every death cross leads to major declines. Katie Stockton advises preparing for a downside, potentially testing support at $73,800, a 13% drop. 📉

This technical setup comes after Bitcoin surpassed $100,000 🎉 amid positive sentiment and regulatory developments. Some analysts remain optimistic due to its finite supply and institutional adoption. 🚀

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