A potential death cross is forming on the daily chart, with the 50 SMA (orange) approaching a cross below the 200 SMA (purple).
This would mark a significant shift in momentum and could add further bearish pressure if confirmed.
NFA, DYOR.
BTC/USD 1D Chart
Bitcoin is showing a potential Inverse Cup & Handle pattern—a bearish continuation structure.
The “handle” recently broke down, and the measured move from the cup formation points to a projected target near $44,300.
Structure looks clean. If it plays out, we could be looking at a major move lower.
⚠️ Not financial advice. Do your own research.
