Is Bitcoin Bottom Near? BTC Approaches 'Death Cross' as Market Tests Key Historical Pattern

Bitcoin is currently facing a significant technical analysis point known as a 'death cross', where the 50-day moving average is projected to fall below the 200-day moving average. This event, while typically regarded as a bearish signal, has historically coincided with local price bottoms in the current market cycle. As of now, bitcoin has dropped approximately 25% since reaching an all-time high of around $126,000 in October, with prices currently at $94,000. Previous instances of the death cross in this cycle have all aligned with major local lows, including significant corrections in September 2023 and April 2025. While the current correction appears to be less severe than prior ones, market participants are questioning whether this pattern will hold true once more as the market tests past historical trends in light of recent price movements following the reopening of the U.S. government.

Source 🔗