Just my humbled opinion based on what I see for 
BTC based on the daily chart. We will be using the 50 & 200 DMA to help with our overall idea as to what could be next for BTC
50-Day Moving Average (50-DMA): The 50-DMA is currently sloping downward and positioned above the current price, indicating potential resistance and a bearish short-term trend.
200-Day Moving Average (200-DMA): The 200-DMA is also sloping downward and has been doing so since March 29, 2025, reflecting a weakening long-term trend.
The current price is below both the 50-DMA and the 200-DMA, suggesting a bearish sentiment.
A "Death Cross," where the 50-DMA crosses below the 200-DMA, is approaching, which is typically considered a bearish signal.
Considering the downward slopes of both moving averages, the price being below both MAs, and the potential formation of a Death Cross, the current sentiment for Bitcoin appears bearish.
Bitcoin had a 30% correction take place since reaching its ATH. Here on my chart you will see key support zones along with key resistance zones as well as exact pricing of where the zones are located.
Most are looking for a place to store wealth at this current moment, I suggest if you don't know how to trade, it would be wise to hold your cash & wait until the overall market settles. I do want to leave you with a question and if you could please respond in the comments.
With tariff news looming daily, Bitcoin dominance is beginning to fall. Do you feel based on what has taken place in stocks & crypto, ALT coins will rise? or will we be entering a bear market all together?
Thank you for your time!
JEREMY FLANAGAN -DGD
BTC based on the daily chart. We will be using the 50 & 200 DMA to help with our overall idea as to what could be next for BTC50-Day Moving Average (50-DMA): The 50-DMA is currently sloping downward and positioned above the current price, indicating potential resistance and a bearish short-term trend.
200-Day Moving Average (200-DMA): The 200-DMA is also sloping downward and has been doing so since March 29, 2025, reflecting a weakening long-term trend.
The current price is below both the 50-DMA and the 200-DMA, suggesting a bearish sentiment.
A "Death Cross," where the 50-DMA crosses below the 200-DMA, is approaching, which is typically considered a bearish signal.
Considering the downward slopes of both moving averages, the price being below both MAs, and the potential formation of a Death Cross, the current sentiment for Bitcoin appears bearish.
Bitcoin had a 30% correction take place since reaching its ATH. Here on my chart you will see key support zones along with key resistance zones as well as exact pricing of where the zones are located.
Most are looking for a place to store wealth at this current moment, I suggest if you don't know how to trade, it would be wise to hold your cash & wait until the overall market settles. I do want to leave you with a question and if you could please respond in the comments.
With tariff news looming daily, Bitcoin dominance is beginning to fall. Do you feel based on what has taken place in stocks & crypto, ALT coins will rise? or will we be entering a bear market all together?
Thank you for your time!
JEREMY FLANAGAN -DGD
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.