Bitcoin Slides as Crypto Markets Correct: Is the Golden Cross at Risk?
Bitcoin has dipped below $94,000 after briefly surpassing $97,000, losing recent gains amid a wider risk-off shift in global markets triggered by new U.S. tariffs on Europe. Investors are moving to safe havens like gold, which hit a record $4,680 per ounce. The global crypto market cap is down 2.38% to $3.15 trillion, with over $800 million in leveraged long positions liquidated in the last 24 hours. Only a few cryptocurrencies, including Monero, posted gains. Prediction markets show most traders still expect an eventual move to $100,000, but a clear majority do not anticipate a new all-time high before July. Technically, Bitcoin’s golden cross remains intact but is weakening, as the price slips below the 50-day moving average near $93,000. The ADX indicates a strong trend, while the RSI is neutral. Bitcoin needs to reclaim $95,000 to maintain its bullish setup; a weekly close below $91,000 would signal further downside risk.
