Well, hoo boy! Bitcoin’s been a real scoundrel this week, slithering under $93,000 like a snake in the grass, and now we’ve got ourselves a “death cross” – which sounds like a bad omen for investors, not a new metal band. The coin’s losing streak is longer than a Mississippi steamboat’s shadow at dusk.
Bitcoin, that old trickster, dipped to $92,929 before rallying to $94,625 by 8 p.m. EST, all while trading volume hit $66.14 billion – because nothing says “confidence” like swapping coins faster than a gambler in a saloon.
By Monday’s 8 a.m., BTC had waddled up to $95,305, but let’s not get our hopes up. The death cross struck when the 50-day moving average slipped under the 200-day one – a chart formation so bearish, it could make a grizzly retreat. But hey, maybe it’s just the market taking a nap?
Later, despite Strategy shelling out nearly a billion on bitcoin, BTC slinked down to $93,506. By 9 a.m., it was trading at $93,607 – because even after a flush, the coin’s still got more drama than a Shakespearean play.
A death cross ain’t a verdict from God, mind you – it’s just the market’s way of saying, “Y’all better bring your umbrella.” Meanwhile, the Crypto Fear & Greed Index has plummeted to “extreme fear,” where it’s joined by retail traders clutching their wallets and social media users screaming into the void.
October’s all-time high of $126,000? That was just a mirage. Now we’ve got profit-taking, dormant coins stirring up trouble, and folks forgetting the Fed might cut rates in December. Throw in a sprinkle of AI bubble worries and a dash of doom, and you’ve got a stew so sour, even a cat wouldn’t lick it.
The broader market’s in a funk too – stocks are sliding like a greased pig, and spot bitcoin ETFs are hemorrhaging cash for five weeks straight. It’s a circus, and everyone’s the clown.
Bitcoin has erased nearly all its 2025 gains, and its losing streak’s longer than a preacher’s sermon. Thin weekend liquidity and fading spot demand? That’s just the cherry on top of this financial sundae.
FAQ ❓
- What is a bitcoin death cross?
A death cross happens when the 50-day moving average takes a backseat to the 200-day one – like a horse race where the slowest horse wins. Bearish vibes only! - Why is the Fear & Greed Index in ‘extreme fear’?
Because folks are panicking like a chicken in a fox farm. Prices drop, retail investors throw in the towel, and social media’s full of doomsayers. Classic! - How far did bitcoin fall during the latest move?
It briefly hit $92,929 before bouncing back – like a trampoline made of pennies. Temporary relief, folks. - What factors are pressuring bitcoin right now?
Profit-taking, dormant coins waking up to cause chaos, macroeconomic whiplash, and fading hopes for a Fed rate cut. It’s a party, and no one brought confetti.
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2025-11-17 17:54