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International Business Times UK
International Business Times UK
Business
Manuel Demegillo

Bitcoin Price Crash: Critical Death Cross Threatens Collapse to £39,000 Support Level

Bitcoin ETF

This week has launched the crypto market to an uneasy start, with the Bitcoin price crash approaching its £39,000 price level.

Bitcoin's attempted rebound from its 2024 lows may represent a deceptive temporary recovery rather than a genuine trend reversal. Analysts interpret the technical setup as a cross formation which, combined with massive ETF outflows, creates severe downside pressure that could push prices toward the £39,000 ($50,000) support threshold.

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