Death Cross: A Short-Term Warning Signal
In the coming days, Bitcoin could experience a technical event known as the Death Cross on the daily chart. This occurs when the 50-period moving average (MA50) crosses below the 200-period moving average (MA200). Historically, this crossover is considered a bearish signal, indicating that selling pressure may be dominating the market.

Death Cross History in Bitcoin

Despite its negative reputation, this crossover does not always lead to significant long-term declines. At various points in Bitcoin’s history, the Death Cross was followed by short-term corrections, but it did not alter the primary bullish trend. Some key examples include:

2018: The Death Cross preceded a 50%+ decline, bringing Bitcoin down to around $3,000.

2020: The event led to a brief drop, but Bitcoin soon resumed its uptrend, reaching $60,000.

2022: Another Death Cross occurred during a confirmed bear market, anticipating further declines below $20,000.

The current context, however, is different. Bitcoin has been in a sustained uptrend, and this crossover could simply indicate a temporary corrective phase before the long-term trend resumes.

Short-Term Support and Resistance Levels

Bitcoin is currently in a consolidation zone, fluctuating between $78,000 and $90,000. To keep the long-term bullish trend intact without a deep correction, certain levels must be watched:

Key resistance: $90,000 – a breakout above this level could signal a new all-time high and push BTC towards $100,000.

Strong support: $78,000 – losing this region could lead Bitcoin to test lower levels, such as $72,000 or even $68,000, before resuming its uptrend.

In the long term, Bitcoin remains bullish, driven by strong fundamentals and expectations of increasing global adoption. Prices could test $120,000 by 2027, following historical appreciation cycles. However, short-term uncertainty persists, with the market ranging between $78,000 and $90,000 and a potential Death Cross forming on the daily chart in the coming days.

While this crossover has historically been a warning for temporary declines, macroeconomic conditions and institutional demand continue to support Bitcoin’s long-term growth. Therefore, the best approach for investors may be to maintain a strategic, long-term perspective while closely monitoring support and resistance levels for potential short-term opportunities.

O post Bitcoin Technical Analysis: Long-Term Bullish Trend, Short-Term Uncertainty apareceu primeiro em DarthBull.