📉 MA Death Cross Alert: Bitcoin's Key Support Fails?
Ouch! The short-term trend for BTC/USDT looks shaky. The chart shows the price has decisively crossed below the short-term Moving Averages (MA(7) and MA(25)), signaling a clear bearish momentum shift. With the MA(99) sitting way up at $112k, we have a long climb back up to re-establish a healthy trend.
Current price: $103,894.76. The daily candles from November 4th onward show strong red closures, indicating sellers are firmly in control. This isn't the time for complacency. The market is testing the nerves of every investor. Keep a close eye on the MA lines—they’ve flipped from support to serious resistance now!
Do you think BTC can reclaim the MA(25) at $107,503 soon?
BTCUSDT
Perp
89,834.5
-1.56%