Here’s Why The Bitcoin Price Could Pump To $110,000 This Week

The Bitcoin price has spent the past few days struggling to recover from its sharp breakdown below $100,000, a move that rattled traders and briefly pushed the crypto market into one of its weakest phases in many months. Bitcoin’s price action has hovered in the mid-$90,000 range since the drop, but the past 24 hours have been highlighted by a break below $90,000. In the middle of this bearish volatility, a new technical outlook from Tony “The Bull” Severino suggests that Bitcoin’s next move may be more bullish than the recent weakness implies. A Death Cross Forms During The Bitcoin Price Downtrend Tony’s analysis highlights the developing death cross on the daily timeframe, where the 50-day moving average is now bending down toward the 200-day moving average source: https://www.newsbtc.com/news/bitcoin/bitcoin-price-pump-to-110000/