Bitcoin Death Cross: What's Next? Important Level Under Threat!
$BTC #BTC
Key points:
1. EMA (50 and 200):
- EMA 50 (yellow line) is below EMA 200 (blue line), which is a bearish signal. This "death cross" indicates a weakening of the uptrend and a possible continuation of the downward movement.
- The price is below both moving averages, which confirms market weakness and potential selling pressure.