$BTC

Bitcoin (BTC) Price Drops Below $100,000 as Death Cross Approaches

Bitcoin drops 5.5% in 24 hours, drops below $100,000, with trading volume up 38% to $67 billion, indicating increased activity.

Negative 7-day MVRV and reduced whale activity point to increased selling pressure and potential market uncertainty.

Short-term moving averages are signaling weak momentum; Bitcoin must hold key support levels to avoid further losses.

If this trend continues and a Death Cross forms — where the short-term EMA crosses below the long-term EMA — it could signal a bearish reversal. In this scenario, Bitcoin price could test support at $93,400, and a break below that level could push the price further lower to $91,200.

If this trend continues and a death cross forms – where the short-term EMA crosses below the long-term EMA – it could signal a bearish reversal. In this scenario, Bitcoin price could test the support at $93,400, and a break below this level could push the price further down to $91,200.