As per BitcoinSistemi, cryptocurrency analyst Colin Talks Crypto has issued a warning about Bitcoin's imminent 'death cross' and potential market weakness. After Bitcoin fell to $95,000, Colin noted that the price has been following a megaphone formation and warned that a break below the lower band could worsen the outlook. He also highlighted the 50-day moving average crossing below the 200-day average, a bearish signal, and suggested that a bounce is likely but whether it marks a new uptrend remains uncertain. Additionally, the 50-week moving average and weakening correlation with global M2 money supply indicate further risks. Colin also pointed to gold's recent rally as a potential delayed positive signal for Bitcoin.
Bitcoin Analyst Warns of Imminent Death Cross and Market Weakness
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