Recent technical analysis suggests a potential downturn for Bitcoin (BTC). The cryptocurrency has triggered a death cross, where its short-term moving average fell below the long-term average. This pattern historically indicates a shift in price direction. While past occurrences led to recoveries, analysts have observed a prolonged market decline when this pattern emerged in 2022. Bitcoin’s recent plunge, dropping nearly 6% within 24 hours and 15% over the week, has pushed its price below $90,000. The current drop signifies a break below key moving averages, further prompting concern about potential price weakness. According to Ali Martinez, every death cross in the past year followed by a recovery. However, this pattern in 2022 resulted in a prolonged market decline. Analyst Ali Martinez highlights that the current trend mirrors a similar pattern from 2022 and raises concerns of further price drops. 75,740, 56,160 and 52,820 are key support levels to watch for the next possible downturn. Past market cycles suggest that Bitcoin’s bottom could occur in late 2026 if we see a similar pattern as seen in 2017 and 2021. However, other analysts offer contrasting opinions. Some believe the current decline suggests a broader bearish trend, while others argue that this is just a temporary correction, with long-term support remaining intact. Notably, Egrag Crypto, another analyst, believes market structure has shifted, making traditional moving average analysis less reliable. He contends that the 21-week EMA offers more insight into current market conditions, and sees Bitcoin heading toward the 1.618 Fibonacci extension near $175,000. The article explores various perspectives on Bitcoin’s future direction.