Bitcoin’s Death Cross: Past Patterns & Market Implications

On April 6th, Bitcoin witnessed a ‘death cross,’ meaning the 50-day moving average fell below the 200-day moving average on its daily chart. This technical pattern often precedes market downturns and bear markets, signaling potential for significant price declines. The cryptocurrency has experienced ten such events throughout its history, with the eleventh currently unfolding. Analyzing these occurrences reveals a key insight: while each bear market features a ‘death cross,’ not all ‘death crosses’ result in prolonged bearish conditions.