BTC is at a 'do or die' crossroads...
Crypto analyst Josh Olszewicz wrote in his X that while no one likes ultimatums, Bitcoin is currently facing a do-or-die moment. He cited the Ichimoku cloud indicator, which is a technique for predicting the price behavior of an asset using five lines that incorporate the concept of time.
The five lines are a baseline, a transition line, a short-term leading span, a lagging span, and a long-term leading span. According to the media, the chart indicates that Bitcoin is approaching the bottom of the cloud, which means that Bitcoin needs to bounce off the cloud support in order to revive its upward momentum. Conversely, a break below key support levels could lead to a larger correction.
