Outlook: Technical bounce likely, but trend still uncertain
Benjamin delivers a detailed, chart-focused analysis of Bitcoin’s price action, centered around technical indicators and historical patterns.
📉 Death Cross Playbook Is Playing Out
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Bitcoin recently formed a “death cross” (50-day MA crossing below the 200-day MA), which often precedes a local bottom followed by a counter-trend rally.
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That’s exactly what we’re seeing now: BTC dumped into the death cross and is now bouncing.
📊 Key Technical Levels
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21-week EMA: ~86.6K
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20-week SMA: ~92.5K
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Bitcoin is currently between them — acting as resistance.
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BTC holding above the 2024 high is a good sign for cycle continuation.
🧠 Emotions vs. Strategy
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Benjamin warns against emotional trading: many people panic-sold the dip, and are now forced to consider buying back in during a bounce.
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He promotes using cash reserves wisely, sticking to a long-term strategy, and not getting whipsawed by volatility.
🧱 Could This Be Like 2019?
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Back in 2019, BTC rallied after a death cross, only to hit a lower high and drop again.
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He says the same could happen now: a bounce that doesn’t break new highs before one more leg down.
📉 Macro Uncertainty Hurts Confidence
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Tariffs, inflation, and unclear government actions are shaking investor confidence.
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Benjamin emphasizes: it's not the tariffs themselves but the confusion around them that makes markets fragile.
💡 What to Watch
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If BTC breaks above the bull market support band (~92.5K), that could mark a real recovery.
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If not, expect another test of the 2021–2024 support zone — maybe even a double bottom before real upside.
Final Take:
Benjamin is technically optimistic short-term but cautious. Bitcoin is acting strong for now, but the bigger question is whether this bounce becomes a new rally — or just another fakeout. The game plan: stay strategic, avoid emotion, and watch the key resistance zone carefully.
