Bitcoin slipped closer to the $110,000 mark this week, with fresh signals suggesting the world’s largest cryptocurrency could soon test $100,000 – www.naijnaira.com reports.
According to Finbold, a “death cross” pattern has appeared on the Moving Average Convergence Divergence (MACD), a technical formation that often warns of extended downside.
The setup occurs when short-term momentum falls below the long-term trend, creating pressure that in the past has triggered sharp selloffs.
Analyst Ali Martinez explained that “the latest MACD death cross increases the probability of Bitcoin revisiting $100,000 as support in the near term.”
Earlier this year, Bitcoin touched the $120,000 zone before whales offloaded holdings, sending prices into retreat.
Since then, the asset has dropped more than 9% from its highs, adding to the -28.1% correction that rattled markets in February 2025.
Market sentiment has also cooled, with data showing online discussions around Bitcoin sliding to their lowest since June.
This dip in social chatter reflects fading confidence among retail investors, a trend that has historically fueled volatility.
At the time of writing, Bitcoin traded at $110,526, below its 50-day simple moving average of $116,564 but still above the 200-day line at $95,245.
Article updated 2 days ago. Content is written and modified by multiple authors.
