The price of Bitcoin is starting to fall again after another sell signal. Negative sentiment is spreading across markets, volatility is rising, and risk assets are facing increased pressure. The technical picture of the market suggests that the current correction may not be over yet.
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Another warning from technical analysis
Bitcoin is weakening along with stock markets, which have been hit by a rapid sell-off. Indices such as the Nasdaq, S&P 500, and Russell 2000 have seen sharp declines, and overall sentiment has deteriorated significantly. However, the cryptocurrency market appears even more fragile. The price of Bitcoin is in a bearish structure, and at the same time, one sell signal after another is being activated. The market is thus receiving repeated negative impulses, which increase the risk of a deeper and faster sell-off.
A so-called Death Cross has appeared on the weekly chart – the 20-week moving average is crossing downwards with the 50-week moving average. In past cycles, this has often been a warning that market momentum is weakening and the price is more susceptible to further declines.
Moreover, the overall development is reminiscent of the period from 2021 to 2022, when the market peak was not formed in one go, but gradually. A similar structure could also be observed last year. Such analogies cannot be taken as predictions, but they can serve as a useful framework for working with expectations and risk management.
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Key price levels and possible further developments
Bitcoin repeatedly fails in the range between approximately $91,000 and $97,000, where it is unable to maintain its newly acquired price levels. Momentum is weakening, and everything so far indicates that the price may retest the November low of around $80,600.
There have been an extraordinary number of sell signals and structural similarities in recent months. While they do not determine the future on their own, they clearly show how tense the situation on the market is. If the correction continues at a similar pace as in previous cycles, a deeper decline towards levels around $50,000 cannot be ruled out, where significant demand could already emerge.
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