The Bitcoin price has struggled to rebound from its dramatic drop below $100,000, which startled traders and momentarily put the crypto sector into its worst period in months. Bitcoin has traded around $90,000 since the dip, but the previous 24 hours have seen a fall below that level.

Tony “The Bull” Severino's updated technical forecast says Bitcoin's next move may be positive despite recent turbulence.
A Death Cross Forms in Bitcoin's Downtrend
Tony's research shows the daily death cross as the 50-day moving average bends toward the 200-day. The moving averages and short-term line slope contradict the bearish trend on Bitcoin's chart.
After weeks of waning momentum, the green 50-day average is falling, and the red 200-day average is flattening from the long-term uptrend. As illustrated in the chart below, this death cross has formed around $110,000, and the expert predicts Bitcoin will hit this price next week.
The behavior of moving averages makes a pump conceivable at this time. After breaking below $100,000, Bitcoin found support at $92,000 and has been making smaller-bodied candles that suggest a reversal.