Crypto Market Cools as Bitcoin Stays Within Death Cross: Analysis
Bitcoin is trading around $90,600 after a temporary spike above $93,000, with the wider crypto market also declining; total market cap is down to $3.06 trillion, losing $35 billion. About 80% of the top 100 coins are underperforming. Traditional markets are showing caution, with gold surging over 60% in 2025 as investors seek safety amid geopolitical and AI-related concerns. Bitcoin ETFs registered record inflows at the start of 2026 but quickly flipped to outflows, indicating fragile institutional sentiment. Technically, Bitcoin remains under a death cross, suggesting bearish or sideways action. Support holds at $88,000-$90,000; resistance is at $94,000-$97,000. The ADX at 24.2 shows a weak trend, and the RSI at 52.4 signals neutral momentum. Prediction markets reflect cautious optimism, with only a 4.9% chance of a new crypto winter in 2026 and a 20% chance of new all-time highs before July. Near-term prospects suggest continued sideways movement unless Bitcoin breaks above $94,000 with conviction. Long-term outlooks pivot on institutional participation and macroeconomic developments.
