Bitcoin has dropped to $105,000 following a rejection at resistance levels, with a ‘death cross’ pattern anticipated in the near future. This decline reflects ongoing volatility in the cryptocurrency market, as traders react to market signals. The ‘death cross’ is a technical indicator that occurs when a short-term moving average crosses below a long-term moving average, often seen as a bearish signal. Analysts are closely monitoring this development, as it could influence investor sentiment and trading strategies. The recent price action suggests that Bitcoin is facing challenges in maintaining upward momentum, raising concerns among market participants about potential further declines.
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