Bitcoin Price Faces Uncertainty After Flashing Hourly Death Cross: What's Next?

Bitcoin has flashed an hourly "death cross" signal, where the short-term moving average falls below the long-term moving average. This may indicate short-term weakness, but traders will look for a confirmed break above or below the current range to determine BTC's next move. Bitcoin has been consolidating within a tight range between $100,703 and $105,787, with bulls and bears in a deadlock. A break above $105,787 may reignite bullish momentum, while a dip below $100,703 may pave the way for a deeper correction.

Bitcoin (BTC) has recently flashed an hourly "death cross" signal, where the short-term moving average falls below the long-term moving average. This technical indicator is often seen as a sign of short-term weakness, but traders will closely watch for a confirmed break above or below the current range to determine BTC's next move.

As of May 18, 2025, Bitcoin has been consolidating within a tight range between $100,703 and $105,787. The market is currently in a deadlock, with bulls and bears unable to gain a decisive advantage. A break above $105,787 may reignite bullish momentum, while a dip below $100,703 could pave the way for a deeper correction.

Arthur Hayes, a prominent figure in the crypto industry, has predicted that Bitcoin could surge to $1 million in the next three years. According to Hayes, strong tailwinds, including potential foreign capital repatriation and the devaluation of U.S. Treasury stocks, could drive this price increase [1]. Hayes' prediction is based on his analysis of macroeconomic factors and the potential for Bitcoin to become a preferred haven for investors.

Analysts are also optimistic about Bitcoin's long-term potential. Filbfilb, another industry expert, has emphasized the significance of the $100,000 psychological barrier as support and highlighted the market's strive for a $2 trillion market cap [2]. Despite short-term fluctuations, the overall sentiment remains bullish, with market participants observing targets ranging from $120,000 to $150,000 by mid-year.

In conclusion, while the recent "death cross" signal suggests short-term weakness, the long-term outlook for Bitcoin remains positive. Traders should closely monitor the market's movements and be prepared for potential fluctuations. Understanding the underlying factors and maintaining a strategic approach could help investors navigate the crypto market's complexities.

References:
[1] https://zycrypto.com/bitcoin-is-headed-to-1-million-thanks-to-increasingly-favorable-macro-tailwinds-says-crypto-legend-hayes/
[2] https://en.coinotag.com/bitcoin-faces-critical-100000-support-as-analysts-predict-potential-for-2-trillion-market-cap-rebound/