Bitcoin Faces Mini-Death Cross as Momentum Wanes Near $90K

Bitcoin is facing technical headwinds despite recent recovery efforts. Currently trading at $87,124, down 0.44% on the day, BTC has formed a mini-death cross—an intersection between the 50-day and 100-day exponential moving averages (EMAs). This pattern is often viewed as a warning signal, suggesting potential trend reversal and growing bearish pressure in the medium term.

What makes this development more concerning is the downward slope of both moving averages, even as Bitcoin maintains higher lows and recently bounced from the 200 EMA near $85,500. Despite this positive price structure, market volume remains low, casting doubt on the sustainability of Bitcoin’s latest surge.

Bitcoin’s attempt to reclaim the $90,000 level was halted near the resistance zone formed by the 50 and 100 EMA. Without a volume-backed breakout above this level, momentum could fade. The Relative Strength Index (RSI) stands at a neutral 51.39, underscoring the current market indecision.

A failure to break $90,000 could lead to further downside, with the $85,500 level serving as the next major support. While overall sentiment remains cautiously optimistic, technical indicators suggest traders should remain vigilant.

In summary, the 50-100 EMA crossover is a key signal that Bitcoin's short-term bullish momentum may be at risk. Until BTC decisively breaks above $90K with strong volume, the threat of a pullback persists.