Is Bitcoin Bottom Near? BTC Approaches 'Death Cross' as Market Tests Key Historical Pattern
Bitcoin is nearing a technical 'death cross,' but historically, these events have coincided with local market bottoms.Summary
Data from Glassnode indicates that Bitcoin is approaching a 'death cross,' where the 50-day moving average ($110,669) is about to slip below the 200-day moving average ($110,459), typically a bearish signal.
However, this would be the fourth death cross since 2023, and each previous instance aligned with a major local bottom, suggesting it could signal a market low. Previous bottoms occurred near $25,000 (Sept 2023), $49,000 (Aug 2024), and below $75,000 (April 2025), with the current price having fallen to $94,000.
The current drawdown of 25% over 41 days is less severe than the April correction. Analysts are watching if the pattern repeats, especially considering the recent end of the U.S. government shutdown, which historically preceded a temporary dip in BTC price before recovery.
(Source：CoinDesk)