Bitcoin Death Cross in 48 Hours — Bottom or $70K Ahead?
Bitcoin dropped under $100,000 amid growing negative momentum and is set to print a death cross — the 50-day simple moving average crossing below the 200-day — within roughly 48 hours if current price action holds. The event is being watched as a technical inflection point: some market participants see it as confirmation of a broader trend change, while others warn it can be a lagging signal that simply codifies losses already priced in.
The significance is practical for traders and investors. A confirmed death cross with heavy volume could accelerate deleveraging and push price toward lower support levels (analysts have flagged $70,000 as a possible downside scenario), whereas a quick rebound and sustained closes above the 50-day SMA would undermine the signal. Watch moving-average confirmation, on-chain flows and futures funding rates for clues; risk management remains critical until a clearer trend emerges.