Bitcoin slips to $76,945 after golden cross fails to extend rally

  • Bitcoin fell 1.04% to $76,945 after a golden cross failed to extend its rally.
  • Bitcoin had already climbed from $62,000 to $82,000 before its 50-day average crossed above the 200-day average.
  • Ethereum declined 0.14% to $2,454.48; ZEC and BCH fell, while MORPHO and RAY gained, amid correction concerns.

Bitcoin fell 1.04% to $76,945, or around $77,000, after a golden cross failed to produce a sustained rally. The technical signal formed when Bitcoin’s 50-day moving average moved above its 200-day average, but most of the latest advance had already occurred as Bitcoin climbed from $62,000 to $82,000. Ethereum declined 0.14% to $2,454.48, while ZEC and BCH fell and MORPHO and RAY gained. Historical examples cited in the report show pullbacks after golden crosses, and an analyst said Bitcoin could enter a correction phase if conditions remain unchanged.

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