Bitcoin Plunge Could Get Much Worse as Death Cross Gains Power

💡 DMK Insight

Bitcoin’s technical setup is looking shaky, and here’s why that matters right now: With bearish signals emerging, traders need to be cautious. If the price breaks below key support levels, we could see a cascade effect that drags down not just Bitcoin but the entire crypto market. This isn’t just about Bitcoin; altcoins often follow its lead. Look for the $25,000 level as a critical support point—if it fails, we could see a rapid decline. On the flip side, if bulls manage to hold above this level, it might set up a short-term bounce, but the overall sentiment leans bearish. Keep an eye on trading volume and RSI indicators; a spike in selling volume could signal further downside. The real story is that many traders might be underestimating the potential for a deeper correction. The market’s been volatile, and with macroeconomic factors still in play, we could see heightened uncertainty. Watch for any news that might impact sentiment, especially around regulatory developments or major institutional moves.