Bitcoin’s Death Cross Signals Potential Further Decline or Oversold Rebound

The Bitcoin death cross has formed as the 50-day EMA crossed below the 200-day EMA, signaling a bearish shift in market momentum. This classic pattern, combined with an oversold RSI at 27.12 and strong downtrend via ADX at 38.25, suggests potential further declines toward $85,000 support, though a bounce may follow due to exhaustion levels.