Bitcoin News
By Dan Saada
1 / 15
Technical Indicators Suggest Near-Term Weakness. The Relative Strength Index (RSI), a key momentum gauge, has fallen to 37 points on the daily chart.
2 / 15
Death Cross and Bearish Ichimoku Cloud Reinforce the Downtrend. Adding to the pessimism, Bitcoin’s short-term charts have formed a “death cross”—a technical…
3 / 15
Prediction Markets Show Sharp Sentiment Shift. The Myriad prediction market data underscores just how quickly traders’ outlooks can change in…
4 / 15
Key Levels to Watch: $106K and $100K. Market analysts highlight $106,000 as the immediate support level to watch.
5 / 15
Market Sentiment: Fear Returns, But Bulls Aren’t Done Yet. The Fear and Greed Index has dropped to 30, firmly in the “fear” zone.
6 / 15
Outlook: $120K Dreams Fade, But Recovery Not Impossible. While the $120,000 target is not dead, it’s increasingly distant under current market conditions.
7 / 15
Bitcoin (BTC) continues to test investor conviction as its price hovers around $108,000, following a steep decline from recent highs near $125,000.
8 / 15
According to Myriad, a prediction platform built by Dastan (Decrypt’s parent company), there’s now a 57% probability that Bitcoin will drop to $100,000 before reaching $120,000.
9 / 15
The sudden flip reflects growing market uncertainty, as short-term indicators suggest further downside while long-term signals hint that Bitcoin may be entering oversold territory.
10 / 15
Meanwhile, the Average Directional Index (ADX) sits around 25.23, signaling a weak but established downtrend.
11 / 15
These readings suggest that selling momentum is accelerating, not cooling off. Analysts warn that Bitcoin’s current weakness could intensify before buyers step back in with…
12 / 15
Adding to the pessimism, Bitcoin’s short-term charts have formed a “death cross”—a technical pattern that occurs when the 50-period exponential moving average (EMA) crosses below…
13 / 15
This bearish formation signals potential structural damage, often leading to deeper corrections.
14 / 15
The Ichimoku Cloud, another popular indicator that combines trend, support, and resistance signals, paints a similarly negative picture.
15 / 15
Earlier this week, BTC traders were optimistic that Bitcoin could retest $120,000. Now, 95% of market participants are betting against BTC reaching $115K by Friday, showing…
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