Bitcoin Price: What's Next As BTC, Nasdaq, and S&P 500 Approach Death Cross?
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Bitcoin, S&P 500, and Nasdaq are approaching a Death Cross pattern, signaling potential market downturn. The S&P 500 lost $2 trillion in investor wealth last week, while Bitcoin faces selling pressure and dropped to $81,500. Global money supply has decreased by nearly $1 trillion, and Bitcoin miners have sold over 2,400 BTC, adding to market uncertainty.
March 31, 2025 | 5:15 am
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Bitcoin price is experiencing selling pressure, dropping to $81,500 amid potential Death Cross formation and miners selling significant amounts of BTC.
Multiple bearish indicators suggest potential downward momentum for Bitcoin: Death Cross pattern, significant miner sell-offs, global money supply reduction, and ongoing market volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
The S&P 500 lost $2 trillion in investor wealth and is approaching a Death Cross, indicating potential further market decline.
Technical indicators and significant wealth erosion suggest potential bearish momentum for the S&P 500, with the Death Cross pattern hinting at further market downturn.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 80