This daily BTC/USD chart is showing a potential Head & Shoulders pattern, which is a classic bearish reversal structure. But that’s not all Bitcoin is also at risk of forming a Death Cross, signaling deeper downside potential. Here’s what stands out:
🛑 Key Bearish Signals:
🔻 Head & Shoulders Formation: The pattern consists of a peak (head) with two lower peaks (shoulders) on either side, indicating a loss of bullish momentum.
🔻 Neckline Breakdown: BTC is testing the neckline support around $76,000—a break below this level could trigger further downside.
🔻 Death Cross Forming: The 50 SMA (yellow) is sloping downward, getting dangerously close to crossing below the 200 SMA (blue)—a well-known bearish signal that could accelerate selling pressure.
📉 Bearish Targets if Breakdown Confirmed:
If BTC breaks below $76,000, the measured move projection suggests a possible drop toward $50,000-$52,000, aligning with previous structure support.
🚀 Bullish Case – Can BTC Recover?
For bulls to regain control, Bitcoin must reclaim $88,000+, invalidate the breakdown, and push above key moving averages. Otherwise, downside pressure remains strong.
⚠️ Final Thought: Death Cross + Head & Shoulders = Bearish Storm?
A Death Cross happening alongside a Head & Shoulders breakdown is a dangerous combination for bulls:
- A Death Cross occurs when the 50-day moving average crosses below the 200-day moving average, signaling a long-term trend shift to the downside.
- Historically, BTC has seen major sell-offs after this formation, especially when combined with bearish structures like we see now.
- If BTC loses $76,000, the next stop could be $50,000-$52,000—but if bulls defend this level and reclaim
88K+, they can avoid disaster.
Verdict: Bitcoin is at a make-or-break moment—either bulls step in now, or we could see a steep drop ahead. Will you short, or do you think this is a bear trap? Let’s discuss! 🧐🔥
🛑 Key Bearish Signals:
🔻 Head & Shoulders Formation: The pattern consists of a peak (head) with two lower peaks (shoulders) on either side, indicating a loss of bullish momentum.
🔻 Neckline Breakdown: BTC is testing the neckline support around $76,000—a break below this level could trigger further downside.
🔻 Death Cross Forming: The 50 SMA (yellow) is sloping downward, getting dangerously close to crossing below the 200 SMA (blue)—a well-known bearish signal that could accelerate selling pressure.
📉 Bearish Targets if Breakdown Confirmed:
If BTC breaks below $76,000, the measured move projection suggests a possible drop toward $50,000-$52,000, aligning with previous structure support.
🚀 Bullish Case – Can BTC Recover?
For bulls to regain control, Bitcoin must reclaim $88,000+, invalidate the breakdown, and push above key moving averages. Otherwise, downside pressure remains strong.
⚠️ Final Thought: Death Cross + Head & Shoulders = Bearish Storm?
A Death Cross happening alongside a Head & Shoulders breakdown is a dangerous combination for bulls:
- A Death Cross occurs when the 50-day moving average crosses below the 200-day moving average, signaling a long-term trend shift to the downside.
- Historically, BTC has seen major sell-offs after this formation, especially when combined with bearish structures like we see now.
- If BTC loses $76,000, the next stop could be $50,000-$52,000—but if bulls defend this level and reclaim
88K+, they can avoid disaster.Verdict: Bitcoin is at a make-or-break moment—either bulls step in now, or we could see a steep drop ahead. Will you short, or do you think this is a bear trap? Let’s discuss! 🧐🔥
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.