As Bitcoin (BTC) experiences fluctuations around the $110,000 mark, several technical indicators suggest the potential for further price corrections. One of the most concerning signals is the emergence of a ‘death cross’ on the Moving Average Convergence Divergence (MACD) indicator, a trend highlighted by cryptocurrency analyst Ali Martinez on social media.
Understanding the Death Cross
The MACD measures market momentum by analyzing the interaction between two moving averages. A ‘death cross’ is observed when the short-term moving average crosses below the long-term average, indicating bearish momentum. Historically, this pattern has been a precursor to significant declines, and the latest data points to Bitcoin revisiting the $100,000 support level.
How Recent Trends Are Shaping the Market
After hitting a high near $120,000 earlier in 2025, Bitcoin’s price faced rejection, largely driven by significant selling activity from large-scale investors, also referred to as ‘whales.’ This selling pressure has resulted in a 9% decline from its highs, and previous major corrections – such as a 28.1% dip in February 2025 – serve as a reminder of how quickly market sentiment can shift.
Investor Sentiment and Social Media Trends
Apart from price action, sentiment surrounding Bitcoin has taken a downturn. Online discussions about BTC have plummeted to their lowest since June, signaling waning confidence from retail investors. Historically, such sentiment dips often pair with heightened volatility, underscoring the need for caution among traders.
Technical Analysis: The Key Metrics
At the time of writing, Bitcoin is trading at $110,526, showing a fractional increase of 0.14% over the last 24 hours but a weekly decrease of 1.55%. Currently, BTC is below its 50-day Simple Moving Average (SMA) of $116,564, though it remains above its 200-day SMA of $95,245, indicating a long-term bullish outlook despite recent sluggish momentum.
Furthermore, the Relative Strength Index (RSI) sits at 42.71, which is below the neutral 50 mark, pointing to mild bearish pressure without falling into oversold territory. These technical figures suggest the potential for continued price consolidation, with $100,000 being a critical level to observe.
Invest Wisely: Stay Prepared
Bitcoin’s current trajectory serves as a reminder of the cryptocurrency market’s inherent volatility. If you’re considering trading or investing in crypto assets, platforms like eToro provide comprehensive resources. eToro offers tools to monitor price alerts, copy top traders automatically, and trade 3,000+ assets, including stocks and cryptocurrencies. Always remember, investments in Bitcoin and other digital assets come with risks, and you should only invest funds you can afford to lose.
Stay updated on the latest Bitcoin trends, and remember to rely on technical and sentiment analysis when making trading decisions. As the market evolves, vigilance and informed choices will remain your best strategies for navigating the crypto space.