Traders watch bitcoin 'golden cross' as BTC slides to near $75,000, ZEC dives 9%
CoinDesk
Bitcoin slipped toward $75,000 while traders monitor a potential 'golden cross' technical pattern amidst broader crypto market stagnation.Summary
Bitcoin dropped to approximately $75,498, decoupling from a global equity market rally. Analysts are closely watching a potential 'golden cross' formation, where the 50-day moving average approaches the 200-day moving average, typically viewed as a bullish indicator. While Bitcoin struggles, other assets like Zcash saw significant losses, and U.S. spot Bitcoin ETFs recorded notable outflows. Experts suggest that Ether's price action and recent SEC approval for new Bitcoin index options are critical factors for future market direction.
(Source：CoinDesk)