Bitcoin Death Cross Signals Further Losses

What to Know:

• Cardano’s ADA token is now listed on Bitstamp Singapore, potentially enhancing liquidity and institutional access in the region.
• Peter Brandt casts doubt on Bitcoin reaching $150,000 in the short term, emphasizing the importance of the $60,000 support level.
• Dogecoin’s weekly chart confirms a “death cross,” signaling a possible long-term bearish trend unless the $0.15 level is reclaimed.

The digital asset market faces a week of mixed signals as Cardano sees increased exchange availability, Bitcoin’s price target faces skepticism, and Dogecoin flashes bearish indicators. These developments occur against a backdrop of significant derivatives expirations and upcoming macro data releases, creating a potentially volatile environment for institutional investors and traders.

Cardano Listing on Bitstamp Singapore

Robinhood’s listing of Cardano (ADA) on Bitstamp in Singapore expands the token’s accessibility within a jurisdiction already familiar with crypto assets. While not introducing ADA to the region outright, this listing brings the asset to a platform known for its regulatory compliance and established user base. This move could improve ADA’s liquidity and appeal to institutional investors seeking regulated venues for trading.

This listing coincides with data showing accumulation of ADA by large wallet holders, despite a significant price decline since late 2025. This divergence between price and accumulation could suggest that informed investors anticipate a future price recovery. The combination of institutional access and accumulation patterns is a potential signal of a bottoming formation for Cardano.

Listings on established exchanges often lead to increased trading volumes and price discovery. However, the actual impact will depend on broader market conditions and investor sentiment towards Cardano’s underlying technology and adoption.

Peter Brandt’s Bitcoin Price Target Skepticism

Veteran commodities trader Peter Brandt has publicly questioned predictions of Bitcoin reaching $150,000 in the near term. He highlighted the importance of Bitcoin maintaining support above $60,000 to preserve a long-term bullish trendline. Brandt’s skepticism serves as a reminder of the need for grounded analysis amid the often exuberant forecasts within the crypto space.

Brandt’s analysis emphasizes the significance of technical levels and historical patterns in assessing Bitcoin’s potential trajectory. The $60,000 level has acted as both support and resistance in the past, making it a key area to watch. A break below this level could trigger further downside pressure, while a sustained hold could reinforce bullish sentiment.

The debate between technical analysis and “moonshot” predictions is a recurring theme in crypto markets. While narratives can drive short-term price movements, long-term trends tend to be more closely aligned with fundamental factors and established technical levels.

Dogecoin’s Bearish “Death Cross”

Dogecoin (DOGE) has confirmed a “death cross” on its weekly chart, a technical pattern that occurs when the 23-period simple moving average (SMA) crosses below the 50-period SMA. This is generally interpreted as a bearish signal, suggesting that long-term momentum has shifted downward. The death cross is a lagging indicator and, while not always predictive, can signal a period of prolonged weakness.

The death cross is occurring in conjunction with other bearish signals, including a downtrend in the weekly Relative Strength Index (RSI) and a failure to sustain bullish divergence. The loss of the $0.15-$0.17 level, where the 200-week exponential moving average (EMA) sits, further reinforces the bearish outlook. These confluences suggest that Dogecoin faces significant headwinds.

Historically, death crosses in large-cap altcoins have often led to extended consolidation or capitulation before a bottom is established. The key for Dogecoin is whether it can reclaim the 23-week average. Failure to do so would suggest that any rallies are likely to be corrective rather than indicative of a structural reversal.

Derivatives Expiry and Macroeconomic Data

The digital asset market faces a potentially volatile period due to the confluence of a large derivatives expiry and significant macroeconomic data releases. The $8.4 billion Deribit expiry on Friday could lead to increased price swings as traders adjust their positions. Key U.S. data releases, including Jobless Claims, PPI, and the Chicago PMI, could further impact market sentiment.

Macroeconomic data can influence the dollar’s strength and overall risk appetite, impacting crypto asset prices. Stronger-than-expected data could lead to a stronger dollar and potentially weigh on crypto prices, while weaker data could have the opposite effect. The combination of these factors creates a challenging environment for traders and investors.

The “max pain” strike price for Bitcoin options expiring Friday sits significantly above the current price, suggesting a potential tug-of-war between spot sellers and options hedgers. The outcome of this battle will likely contribute to the direction of Bitcoin’s price in the near term.

In conclusion, the crypto market is navigating a complex landscape of exchange listings, technical indicators, and macroeconomic pressures. While Cardano’s listing offers potential benefits, Bitcoin faces key technical tests, and Dogecoin flashes bearish signals. The upcoming derivatives expiry and macro data releases add further uncertainty, requiring investors to exercise caution and carefully assess risk.

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Source: Original article