🚨 WARNING: $BTC COLLAPSES as Key Indicator TRIGGERS MASSIVE DROP! 🚨
Bitcoin’s price has plummeted, activating a critical bearish indicator following the Federal Reserve's recent announcement. This shocking development has traders and investors on edge, with fears of a deeper crash looming.
Market Shocker:
Price Nosedive: Bitcoin (BTC) has plunged over 8%, slipping from its recent high of $108,266 to lows near $96,000 after the Fed signaled only two rate cuts for 2025, down from four previously projected.Current Price: BTC now trades around $97,500, leaving investors scrambling as bearish signals intensify.
Alarming Indicators:
Bearish Crossover: The 50-hour SMA has dropped below the 200-hour SMA, a historically ominous sign that often precedes sharper declines.
Critical Danger Zones:
Resistance at $100,600: A formidable barrier. Failing to break above could stall recovery attempts and deepen bearish sentiment.Support at $96,000: Breaching this level could unleash a freefall toward $91,000, the December 5 swing low, sparking panic in the market.
