- Bitcoin faces selling pressure after failing to sustain above $107,250 during Asian trading hours.
- The rejection at $107,250 confirms a bearish breakdown from a recent sideways price range.
- The potential “death cross” pattern is approaching, signaling a decline in the short-term trend relative to the long-term.
- Previous death crosses in September 2023, August 2024, and April 2025 did not lead to sustained bearish trends.
- Support at $100,000 remains critical for Bitcoin’s near-term price stability.
Bitcoin is under selling pressure as it failed to break and hold above $107,250, the lower boundary of a recent multi-week sideways trading range, during Asian market hours. This failure reinforces a bearish breakdown that occurred earlier this month.
The current price action supports the likelihood of a “death cross” forming—a technical pattern where the 50-day simple moving average (SMA) crosses below the 200-day SMA. This pattern typically indicates the short-term trend weakening compared to the long-term trend and is often associated with extended downtrends or bear markets.
However, past occurrences of death crosses—in September 2023, August 2024, and April 2025—produced false bearish signals, showing the pattern can be unreliable on its own.
Bitcoin’s near-term focus is now on the $100,000 support level. A decisive move above $107,250 is required to invalidate the bearish scenario and provide an opportunity for upward momentum. The situation remains closely watched as market participants assess these technical cues.
The daily candlestick chart, as shown on TradingView, illustrates Bitcoin’s recent price movements and the technical levels in question.
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