Bitcoin falls as cryptocurrency markets undergo correction: is the golden cross at risk?

Source: PortaldoBitcoin Original Title: Bitcoin Falls While Cryptocurrency Markets Undergo Correction: Is the Golden Cross at Risk? Original Link: https://portaldobitcoin.uol.com.br/bitcoin-cai-enquanto-os-mercados-de-criptomoedas-passam-por-correcao-a-cruz-dourada-esta-em-risco/ The brief spark of optimism that pushed Bitcoin above US$ 97,000 last week seems to be fading. BTC was recently trading at US$ 93,192, erasing the gains that had given traders hope for a possible trend reversal.

The correction occurs amid a broader risk aversion movement in the markets. New tariffs imposed on European countries have scared investors, causing capital to flow into safe-haven assets like gold, which reached a new record of US$ 4,680 per ounce.

The total crypto market capitalization is now at US$ 3.15 trillion, down 2.38% from yesterday, with over US$ 800 million in leveraged long positions liquidated in the last 24 hours.

The damage is widespread. Of the top 100 cryptocurrencies by market value, only three have gains above 1% in the last day: Midnight, Quant, and Monero — the latter experiencing a rally of its own after renewed interest in privacy-focused coins.

Still optimistic, but…

Bitcoin has been recovering for weeks after November lows near US$ 80,000. Since then, it briefly broke above the Ichimoku Cloud — a “cloud” built from several moving averages to highlight dynamic supports and resistances, as well as the prevailing trend — and tested the US$ 96,000 region. This movement has now been reversed, with Bitcoin’s price retreating again below the EMA50 — the 50-day moving average — which hovers around US$ 93,000.

This is the critical point. The much-celebrated Bitcoin “golden cross” — when the short-term moving average crosses above the long-term average — remains technically intact, but the gap between the two averages is narrowing. If the price continues to fall this week and fails to recover the EMA50, this bullish signal could be invalidated before it even triggers a significant rally.

The Average Directional Index (ADX) is at 32.7, above the 25 threshold that confirms a real trend. It’s a strong reading, confirmed by prices reacting at a clear ascending support. The ADX measures trend strength without considering direction, but since the last two months have been mostly bullish, the trend still points toward slow appreciation.

The Relative Strength Index (RSI), at 54.1, is completely neutral, offering no clear directional bias. It’s not oversold enough to attract bargain hunters, nor overbought to justify an aggressive profit-taking move. Overall, traders are not particularly inclined to buy or sell, with Bitcoin moving in low-volume zones.

The verdict? Bitcoin needs to recover and stay above US$ 95,000 this week to keep the golden cross narrative alive. A weekly close below US$ 91,000 would clearly turn the short-term structure bearish and likely trigger another downward leg toward December lows.

Key levels to watch

Resistance:

• US$ 98,000 (EMA50/Cloud)
• US$ 100,000 (Previous breakout level)
• US$ 108,757 (Strong resistance)

Support:

• US$ 91,000 (Immediate support)
• US$ 80,000 (December minimum)