Cryptocurrency analyst Colin Talks Crypto has warned of an imminent 'death cross' for Bitcoin, signaling potential market weakness. Bitcoin recently fell to $95,000, and Colin noted its price is following a megaphone formation. A break below the lower band could worsen the outlook. The 50-day moving average crossing below the 200-day average, a bearish indicator, suggests further caution. Colin also highlighted the 50-week moving average and a weakening correlation with global M2 money supply as additional risks. Despite these concerns, he mentioned gold's recent rally as a potential delayed positive signal for Bitcoin.
Bitcoin Faces 'Death Cross' Warning Amid Market Weakness
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