Bitcoin Plunge Could Get Much Worse as Death Cross Gains Power

In brief

• Bitcoin plunged Thursday, with the 50-day EMA crossing below the 200-day EMA—a classic death cross pattern that typically signals sustained downward pressure.
• Gold and silver hit record highs while Bitcoin struggles, raising questions about which assets truly function as stores of value during uncertain times.
• Key support at $80,601 could break if bearish momentum continues, potentially opening the door to a deeper correction toward $74,000.