🚨 Death Cross Alert! 🚨
Bitcoin is on the verge of forming a Death Cross, where the 50-day moving average (MA) crosses below the 200-day MA. Historically, this pattern has been viewed as a bearish signal, often indicating potential for deeper corrections.
(only for beginners)
🔍 What Is a Death Cross?
A Death Cross occurs when short-term momentum (50MA) weakens and crosses below the long-term trend (200MA). While it’s often seen as a bearish indicator, it’s important to note that the immediate impact varies, and sometimes it can be a lagging signal.
📉 What Happened Last Time?
Looking at previous Death Cross events on BTC:
• June 2021: Price dropped ~55% from the local top before finding support.
• March 2020 (Covid crash): BTC tanked nearly 60%, but bounced hard after capitulation.
• Late 2019: Followed by a ~40% decline before bottoming out.
🛑 Key Support Levels to Watch:
• $58,000 – Previous resistance flipped support zone.
• $53,000 – Strong historical demand area.
• $48,000 – Major liquidity zone and psychological level.
⚠️ My Bias:
I’m leaning bearish in the short to mid-term. The confluence of weakening momentum, macro uncertainties, and historical patterns suggests we could see more downside.
That said, I’m also wary of fake-outs—especially with large players potentially trapping late shorters before a squeeze.
❓ What’s Next for Bitcoin?
Is this the beginning of a major correction, or will Bitcoin defy history and surprise us with a bullish twist?
Drop your thoughts in the comments! 👇
Bitcoin is on the verge of forming a Death Cross, where the 50-day moving average (MA) crosses below the 200-day MA. Historically, this pattern has been viewed as a bearish signal, often indicating potential for deeper corrections.
(only for beginners)
🔍 What Is a Death Cross?
A Death Cross occurs when short-term momentum (50MA) weakens and crosses below the long-term trend (200MA). While it’s often seen as a bearish indicator, it’s important to note that the immediate impact varies, and sometimes it can be a lagging signal.
📉 What Happened Last Time?
Looking at previous Death Cross events on BTC:
• June 2021: Price dropped ~55% from the local top before finding support.
• March 2020 (Covid crash): BTC tanked nearly 60%, but bounced hard after capitulation.
• Late 2019: Followed by a ~40% decline before bottoming out.
🛑 Key Support Levels to Watch:
• $58,000 – Previous resistance flipped support zone.
• $53,000 – Strong historical demand area.
• $48,000 – Major liquidity zone and psychological level.
⚠️ My Bias:
I’m leaning bearish in the short to mid-term. The confluence of weakening momentum, macro uncertainties, and historical patterns suggests we could see more downside.
That said, I’m also wary of fake-outs—especially with large players potentially trapping late shorters before a squeeze.
❓ What’s Next for Bitcoin?
Is this the beginning of a major correction, or will Bitcoin defy history and surprise us with a bullish twist?
Drop your thoughts in the comments! 👇
Trade active
Date : 09-04-2025Recent Price Movements:
Intraday High: $80,138
Intraday Low: $74,772
The current downturn is influenced by several factors:
Geopolitical Tensions: The announcement of extensive reciprocal tariffs by the U.S. and China's subsequent retaliation have heightened market uncertainty.
Technical Indicators: The recent completion of the Death Cross (50-day MA crossing below the 200-day MA) on April 7, 2025, is traditionally viewed as a bearish signal, potentially indicating further downside.
Supply and Demand Zones for Positional Trading: Given the current price levels, it's crucial to identify key areas of support and resistance:
Immediate Support Zone: $74,000 – $75,000
Bitcoin has tested this area recently; a decisive break below could lead to further declines.
Next Major Support: $55,000 – $57,000
If the immediate support fails, analysts suggest a potential drop to this range.
Resistance Levels:
$78,500: Short-term resistance; a move above this could signal a reversal.
$80,000: Psychological barrier and recent intraday high.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.