Bitcoin price death cross form as BTC ETF outflows jump $607m
Bitcoin’s price rose over the last three days, moving from a low of $106,340 to the current $110,000, as investors bought on the post-Federal Reserve interest rate decision dip.
- Bitcoin price has formed a death cross pattern on the daily chart.
- Spot Bitcoin ETFs shed over $600 million in assets last week.
- Odds of the Federal Reserve interest rate cuts in December fell to 66%.
Bitcoin price death cross points to a steep crash
The daily timeframe chart shows that Bitcoin (BTC) has slumped in the past few days, moving from a high of $126,172 in September to the current $119,340.
This chart points to more downside in the coming days as it has formed one of the most bearish patterns in technical analysis. It has just formed a risky death cross pattern, as the 50-day and 200-day Weighted Moving Averages crossed.
A death cross is one of the most bearish patterns in technical analysis, as it signals that the short-term momentum is prevailing.
Bitcoin price has also moved below the Supertrend indicator, a sign that it remains under pressure. It is also below the Major S/R pivot point of the Murrey Math Lines indicator.
Most notably, the Average Directional Index and the True Strength Index indicators have pointed downward. These indicators mean the ongoing recovery is not strong enough.
Therefore, the most likely scenario is where the coin resumes the downward trend. A move below the support at $106,342 will signal further downside, potentially to the psychological $100,000 level.
Spot BTC ETF outflows rise
One potential catalyst for the bearish outlook is that spot Bitcoin ETFs had outflows last week. These funds shed over $607 million in outflows after adding $446 million in inflows a week earlier.
These Bitcoin ETFs have cumulatively attracted over $61 billion in inflows. Their total net assets stand at $147.7 billion, representing 6.77% of the market cap.
Spot Bitcoin ETFs recorded outflows after the Federal Reserve published its interest rate decision.It delivered its second interest rate cut of the year on Wednesday and warned that a December cut was not guaranteed.
As a result, the odds of a December rate cut have dropped from over 90% last week to 66% on Polymarket. Bitcoin and other cryptocurrencies do well when the Fed is cutting rates.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Update: Major Whale Makes $55M BTC/ETH Move as Crypto ETFs See $62B Inflows Amid Market Rally
- A crypto whale's $55M BTC/ETH long position aligns with $62.34B in BTC ETF inflows, signaling institutional confidence amid mixed technical indicators. - Michael Saylor's Strategy (MSTR) added 397 BTC ($45.6M) to its 641k token portfolio, boosting holdings to $69B as Q3 net income hit $2.8B from unrealized gains. - BTC faces critical $110,163 breakout potential with $115,600-$118,000 resistance, while ETH risks short squeezes below $4,101 amid negative funding rates. - November's historical 42.5% BTC ave
Stellar (XLM) Rises 1.15% Amid Smart Contract Growth and On-Chain Data Indicating Fundamental Change
- Stellar (XLM) rose 1.15% in 24 hours amid 700% smart contract growth and $5.4B RWA volume, signaling potential market realignment. - Protocol 23 upgrade boosted transaction throughput to 5,000/sec, enhancing institutional use cases like remittances and asset tokenization. - Developer activity surged with 200+ new projects and 150% higher daily active addresses, indicating robust ecosystem adoption. - Backtest analysis showed -2.36% 30-day returns after 10% drops, underscoring long-term risks despite shor
DOGE Increases by 1.03% Following the Merger of Brag House and House of Doge, Creating a Major Financial Infrastructure Powerhouse
- Brag House and House of Doge merged on Nov 3, 2025, forming a financial infrastructure firm focused on digital payments, asset management, RWA tokenization, and digital media. - The merger aims to expand Dogecoin's utility via payment rails and tokenized assets, leveraging its $30B market cap and 6.1M holders to build real-world transaction infrastructure. - Despite a 1.03% 24-hour DOGE price rise, the coin fell 46.47% year-to-date, with technical analysis showing no statistically significant edge after
Algo Price Rises 1.37% Following Biotech Trial and Partnership with Hookah Brand
- ALGO rose 1.37% in 24 hours to $0.1628 but fell 51.45% annually amid broader market declines. - Allogene’s trial highlights cema-cel’s potential for lymphoma treatment, while AIR’s Snoop Dogg collaboration expands premium hookah flavors. - Both events reflect innovation in biotech and consumer goods, indirectly influencing investor sentiment through market theme shifts. - A backtest showed 503 ALGO surges with 1.37%+ gains, but 7-day returns averaged +0.06% with only 46% positive outcomes.
Trending news
MoreCrypto prices
More
