Bitcoin Rally Cools Amid Inflation‑Driven Selloff, Golden Cross Looms

Bitcoin fell 1.61% to $77,188, extending a broader market pullback triggered by recent inflation figures. The price decline mirrors a sell‑off across major cryptocurrencies, with Bitcoin leading the move.

Market Context

All major assets listed in the latest price feed posted losses, highlighting the breadth of the downturn. Notable declines include Ethereum at -0.69%, Binance Coin down 3.60%, and XRP down 4.48%.

Technical Outlook

Despite the current weakness, Bitcoin’s chart shows a bearish pattern that is set to flip for the first time since November. Analysts point to an upcoming “golden cross,” where the 50‑day moving average is expected to cross above the 200‑day moving average, a historically bullish signal.

Implications

If the golden cross materialises, it could provide momentum for a renewed rally, counteracting the short‑term pressure from inflation‑related risk aversion. Traders will be watching the moving‑average crossover closely in the coming days.