Bitcoin’s Death Cross Signals Potential Decline, Support at $74K Under Scrutiny

Bitcoin’s technical indicators have raised market concerns as its death cross signals a potential long-term decline. With support near the $74,000 level facing critical scrutiny, traders are bracing for volatility. The digital asset experienced a significant drop from its peak at over $83,105 to settle around $76,350.91 in the last 24 hours, highlighting a challenging market environment. 74K remains a crucial support level to prevent further downside as a potential break below could trigger price drops towards $70,000.