I noticed an interesting point on the Bitcoin chart. Currently, BTC is trading around 78,000, but on the three-day timeframe, a quite serious technical signal has formed — the so-called death cross. This is when the 50-day moving average crosses below the 200-day moving average. It sounds grim, but in reality, it’s a standard pattern that appears before major bearish movements.

I looked at the history: every time such a death cross appeared since 2014, Bitcoin then fell significantly. In 2022 and 2018, there was a decline of more than 50% after this signal formed. Now, the price is already below both moving averages — the 50-day at around 75.5K, and the 200-day still higher at 96K. This usually indicates a weakening of bullish momentum.

If history repeats itself, a 52% drop from current levels could send Bitcoin to the 36-40 thousand zone. Analysts consider this range as a potential area of buyer accumulation. However, the RSI indicator is currently in the neutral zone at around 46, which suggests that the market is not yet fully oversold. It will be interesting to see what happens next.