Bitcoin Price Drops to $105K Following Resistance Rejection Amid Death Cross Formation

Bitcoin faces significant selling pressure as the cryptocurrency fails to break through key resistance levels, declining to $105,000. The rejection occurs alongside technical indicators flashing warning signals, with the looming Death Cross pattern suggesting potential further downside. Market analysts are closely monitoring Bitcoin's price action as the 50-day moving average approaches the 200-day average, a technical formation that historically precedes extended bearish periods. Trading volume has increased during the decline, indicating strengthened selling momentum across major cryptocurrency exchanges.