Overview
- Bitcoin slipped to about $92,985 before stabilizing in the mid-$90,000s, marking its weakest level in roughly six months.
- The 50-day moving average fell below the 200-day, with the gauges near $109,964 and $110,468 respectively, completing the bearish crossover.
- Fear & Greed dropped to 10, while whale selling and spot ETF outflows intensified recent downside pressure.
- Prices are down more than 13% over the past week and roughly 30% from the October peak near $126,000.
- Analysts highlight mixed short-term outcomes after past Death Crosses, advising patience and noting some warn of another leg lower if no bounce materializes soon.