Bitcoin Enters Death Cross—And Ethereum Isn’t Far Behind: Analysis

💡 DMK Insight

Bitcoin’s current price at $91,377 is teetering on the edge of a bearish pattern, and here’s why that matters: Traders need to pay attention to the potential for further downside as BTC shows signs of weakness. If this bearish pattern continues, we could see a test of key support levels. The $90,000 mark is critical; a break below could trigger a cascade of selling, especially from retail traders who might panic. On the flip side, if BTC manages to hold above this level, it could set the stage for a short-term recovery, but the overall sentiment remains shaky. Look for volume spikes to confirm any moves, as they could indicate whether this bearish trend is gaining traction or if buyers are stepping in. Keep an eye on correlated assets like Ethereum, which often follows Bitcoin’s lead. If BTC breaks down, expect ETH to follow suit, possibly testing its own support levels. Watch for the next few days; the weekly close will be crucial in determining the market’s direction moving forward.