- A death cross on Bitcoin’s MACD indicator signals rising bearish momentum.
- BTC price recently rejected the $120,000 level, losing over 9% from its peak.
- Social sentiment surrounding Bitcoin has dropped to its lowest level since June 2025.
- Current technicals point to $100,000 as the next key support level.
- Despite near-term weakness, BTC remains above its 200-day SMA, keeping the long-term trend bullish.
Bitcoin Price Outlook: Death Cross Emerges
Bitcoin (BTC) is struggling to stay above the $110,000 level as bearish signals emerge in the charts. According to analyst Ali Martinez, a “death cross” has appeared on the Moving Average Convergence Divergence (MACD) indicator — a development that historically precedes steep corrections.
Also Read: Bitcoin Price Forecast: ChatGPT-5 Predicts Drop Below $100,000 in September 2025
A death cross occurs when the short-term moving average crosses below the long-term average, suggesting weakening momentum and rising selling pressure.
Whales Trigger BTC Correction
Earlier this year, Bitcoin staged a strong rally that briefly pushed prices above $120,000. However, heavy whale selling caused a sharp rejection at this resistance level, leading to a 9% decline from the highs.
For context, February 2025 saw a 28.1% correction, demonstrating how quickly Bitcoin can reverse when bullish momentum fades. If history repeats, BTC could slide to the critical $100,000 support in the short term.
Bitcoin Sentiment Weakens
Beyond technicals, market sentiment is flashing additional red flags. Data from Santiment, shared by Martinez, shows that Bitcoin-related discussions on social media have hit their lowest level since June.
This drop in community activity highlights a growing lack of confidence among retail traders. Historically, such sentiment declines have often coincided with increased volatility and sharper selloffs.
Technical Analysis: Key Levels to Watch
- Current Price: $110,526 (+0.14% 24h, -1.55% weekly)
- 50-day SMA: $116,564 (Bitcoin trading below)
- 200-day SMA: $95,245 (long-term bullish support)
- RSI (14-day): 42.71 (mild bearish pressure, not yet oversold)
Also Read: Bitcoin (BTC) Cash Technical Analysis: Is a Bullish Reversal in Sight?
The setup suggests short-term weakness but a still-intact long-term bullish structure. As long as Bitcoin holds above the 200-day SMA, the macro uptrend remains valid.
Bitcoin’s immediate outlook is cautious, with the MACD death cross and declining social sentiment pointing to further downside risk. A test of $100,000 support appears likely unless buyers can reclaim the $116,000–$120,000 zone in the near term.