Bitcoin Death Cross Approaching: Is History About to Repeat Itse🚨 Death Cross Alert! 🚨
Bitcoin is on the verge of forming a Death Cross, where the 50-day moving average (MA) crosses below the 200-day MA. Historically, this pattern has been viewed as a bearish signal, often indicating potential for deeper corrections.
(only for beginners)
🔍 What Is a Death Cross?
A Death Cross occurs when short-term momentum (50MA) weakens and crosses below the long-term trend (200MA). While it’s often seen as a bearish indicator, it’s important to note that the immediate impact varies, and sometimes it can be a lagging signal.
📉 What Happened Last Time?
Looking at previous Death Cross events on BTC:
• June 2021: Price dropped ~55% from the local top before finding support.
• March 2020 (Covid crash): BTC tanked nearly 60%, but bounced hard after capitulation.
• Late 2019: Followed by a ~40% decline before bottoming out.
🛑 Key Support Levels to Watch:
• $58,000 – Previous resistance flipped support zone.
• $53,000 – Strong historical demand area.
• $48,000 – Major liquidity zone and psychological level.
⚠️ My Bias:
I’m leaning bearish in the short to mid-term. The confluence of weakening momentum, macro uncertainties, and historical patterns suggests we could see more downside.
That said, I’m also wary of fake-outs—especially with large players potentially trapping late shorters before a squeeze.
❓ What’s Next for Bitcoin?
Is this the beginning of a major correction, or will Bitcoin defy history and surprise us with a bullish twist?
Drop your thoughts in the comments! 👇
