Bitcoin Correction: Possible Decline As 'Dead Cross' and Macroeconomic Uncertainty Dey Show Face
Bitcoin dey face strong selling pressure now because of wahala for economy and new tariff wey U.S. announce. Di cryptocurrency don dey trade between $81,000 and $86,000, dey face strong resistance for $84,800 and dey find support near $81,000. 'Dead Cross', wey Bitcoin Realized Price Model mark, dey show say market correction fit still dey for like 57 days more, e don dey active for 28 days already. Analyst Bilal Huseynov talk say Bitcoin fit drop to $75,000 if di signal still dey, while Axel Adler point out say e dey important to follow realized prices of new investors compare to long-term holders. Even though dis bearish things dey show, long-term holders dey show confidence, wey dey clear from stable Coin Days Destroyed metric, dey show say selling pressure no too dey among investors wey sabi road. Di average time wey correction dey last na 85 days, and market no too dey shake with chance for market to go up if di $81,000 support hold.
Bearish
News dey show say Bitcoin no dey go well at all sake of some serious things wey dey happen. First, the way 'Dead Cross' dey show, e mean say e fit still fall more, like Bitcoin fit fall reach $75,000 if the place wey e dey hold no strong again. The market wey dey correct itself now, plus the way things no clear for economy and tariff wey dem announce, dey make people dey sell more. Even though history show say this kind market correction dey last for like 85 days on average, almost one third of the time wey e suppose last still dey. On top of that, the Realized Price Model dey show say new investors fit dey vex because the price wey dem buy am dey lower than the price wey people wey don hold am for long buy am, and this one dey cause tension for market. But the trust wey long-term investors get dey show say e fit no fall too much if the place wey e dey hold for $81,000 still strong.