We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors. CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. Bitcoin’s drop below $97,000 and the looming Death Cross signal a critical juncture for the market.
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- The odds for Bitcoin pumping to $100,000 before dumping to $69,000 now stand at 72.5%—down sharply from 85% just yesterday.
- A single “16% candle on one day” stabbed into the lows a few days before the cross; the cross itself arrived after the damage, followed by two months of chop and then a Q4 recovery bid amid “the election exuberance” and a “dovish” turn in Fed rhetoric, pushing Bitcoin “to about $110k.”
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The odds for Bitcoin pumping to $100,000 before dumping to $69,000 now stand at 72.5%—down sharply from 85% just yesterday. On Myriad, the prediction market built by Decrypt’s parent company Dastan, traders are recalibrating fast. Bitcoin’s recent move is part of a larger interactive brokers market reset, for better or for worse. CoinShares head of research James Butterfill also downplayed the signal’s significance. In many cases, these signals marked local bottoms and were followed by renewed rallies.
- Glassnode data shows that bitcoin’s “death cross,” a technical analysis term that may indicate a bearish signal, is imminent, but with a catch.
- Analysts often view these surges as signs of rising short-term risk, since large wallets typically move funds onto exchanges before executing trades.
- Prices reversed after last week’s approach tonearly $98,000 and are now returning to the range of consolidation drawn sinceNovember, whose lower limit falls at the level of $84,000.
- Bitcoin today broke the psychological support of $90K and is trading at $89,208 after shedding 3.62% in the last 14 hours.
- This time around, bitcoin has already dropped as much as 10% since the reopening, raising the question of whether the same pattern will play out again.
- Fromcurrent $89,369 levels, this would mean a possible decline of over 44%.
Bitcoin, U.S. Dollar Skid, Gold Rallies On ‘Sell America’ Trade
In the past 4 days alone, nearly $2.1 billion worth of long positions have evaporated as BTC finally broke out of its consolidation and lost the psychological $90,000 support. Over $750 million worth of crypto long positions have been wiped out today as BTC drops below $88,000. After a positive start in 2026, Bitcoin (BTC) has booked a 10% loss in the past 7 days as President Donald Trump’s comments once again derailed cryptos’ attempt to recover. A convincing break above $107,250 is necessary to negate the bearish case and give bulls a path back to the upside.
Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. In contrast, in periods such as 2014, 2018, and 2022, the death cross showed up before selling was finished, with forced avatrade scam liquidations and balance-sheet stress still pushing prices lower. Death crosses that appeared near cycle bottoms often marked periods when selling pressure had already peaked and price was stabilizing. The April correction was both deeper and longer, with bitcoin falling about 30% from the January peak near $109,000 and spending around 79 days trending lower before bottoming in the first week of April. Bitcoin is currently down about 25% from its October all-time high around $126,000, and this correction has been ongoing for roughly 41 days.
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Fous bases the forecast on previous cycle drawdowns and Fibonacci retracement levels. Those moves came while the broader trend still leaned bullish and before a clear market peak formed. Ultimately, visionary empowerment emerges from confronting fear directly, resisting herd panic, and harnessing market extremes as catalysts for growth.
Why XRP Is Falling? 7-Day Drop Raises Risk of Another 40% XRP Price Decline
After printing consecutive lower highs and lows, the price marked an intraday low at $96,712. But the indecisiveness among them has triggered more bearish action, driving the levels below $97,000. When Bitcoin breaks below this level with a candle that has a big body and minimal wicks—exactly what we saw today—it typically signals more pain ahead before buyers step in.
“The NASDAQ and S&P have been making new all-time highs for multiple years,” he says, while the Russell “barely broke out to a new all-time high a few weeks ago.” In other words, crypto’s underperformance is not isolated. His work focuses on market analysis, technical insights, and the evolving role of altcoins in shaping global markets. Some market observers suggest the cryptocurrency could test its April bottom of $74,500 if selling pressure continues. CryptoQuant analyst IT Tech emphasized that short-term selling often indicates a local bottom if prices quickly recover above the cost basis.
What’s Next for Bitcoin Investors? Key Levels and Market Signals
Equities are reeling from what appears to be the early stages of a tariff war, volatility is rising, and fear continues to dominate investor sentiment. The latest death cross comes amid growing macroeconomic uncertainty. Bitcoin’s recent rally brought the bulls back, but its confirmed death cross could be a warning to traders. Finance Magnates is a global B2B provider of multi-asset trading news, research and events with special focus on electronic trading, banking, and investing. Bitcoin currently trades at $89,369, 10.6% below $100K.”Breaking $100,000 is going to be far more macro-led than previousrallies,” says Howard from Wincent. Accordingto my technical analysis, immediate target is $84,000 (consolidation lowerband, -6%).
If the cycle is not over, however, the market should show a meaningful bounce within days. If the top is indeed behind us, Bitcoin likely heads lower before eventually rallying to the 200-day moving average, a move that would set a lower high and reinforce the start of a broader downtrend. Market analyst Subu Trade added historical context, pointing out that after prior death crosses, in April 2025 and September 2023, Bitcoin delivered positive performance across timeframes ranging from one week to one year. At the same time, BTC’s price action has weakened, with the increase in inflows aligning with sharper intraday swings. Exchange supply has edged higher as these coins arrive, signaling that holders are transferring BTC out of cold storage and into markets where it can be sold or redeployed.
However, death crosses have proven unreliable on their own, with the previous three in September 2023, August 2024, and April 2025 all producing false bearish signals. With trading volume reaching $39 billion, traders are watching the charts as new technical signals suggest more downside may follow. In the current setup, bitcoin has fallen to $94,000, and in all prior instances, the market put in velocity trade its low just before the death cross formed. This event is widely viewed as a bearish signal because it reflects weakening short-term momentum relative to the longer trend. The 50-day moving average for bitcoin at $110,669 is now on the verge of slipping below the 200-day moving average at $110,459, which would trigger this crossover.
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Bitcoin (BTC) may have confirmed its entry into a bear market after the price dropped to $80,000 on Friday. “Almost 100% of the time when a death cross occurs, you do get a retrace back up into your moving averages,” Kevin says, adding that the key question is whether Bitcoin’s bounce merely tags that cluster or reclaims it with authority. “This cycle we have seen these consistent, right, 150, 160-plus days of corrective periods … and with that causes the moving averages to act differently,” he says. Bitcoin is days from printing another daily “death cross” — the 50-day simple moving average slipping beneath the 200-day — but analyst Kevin (Kev Capital TA) argues the label misleads more than it informs.
What comes next, in Kevin’s view, is a clean market test. A single “16% candle on one day” stabbed into the lows a few days before the cross; the cross itself arrived after the damage, followed by two months of chop and then a Q4 recovery bid amid “the election exuberance” and a “dovish” turn in Fed rhetoric, pushing Bitcoin “to about $110k.” The 2024 instance came after the mid-cycle top in March and a year-long grind into the US election window.