Bitcoin Death Cross Returns, Raising Market Fears
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BTC price has slid about 35% on average over a month after similar trend line crossovers, keeping downside risk in focus for traders.
Bitcoin is flashing a fresh “death cross” on its three-day chart, marking the bearish signal’s first appearance since June 2022.
BTC’s death cross raises the odds of a 35% average downside in March.
US Bitcoin ETFs have attracted over $458 million in daily inflows.
Past BTC death crosses preceded 35% drops
A death cross pattern appears when the short-term 50-period moving average crosses below the longer-term 200-period moving average, and it has at times presaged further near-term weakness.
In 2022, for example, Bitcoin’s 50–200 MA crossover on the three-day chart came before a steep slide of about 50%, with BTC eventually bottoming near $15,480.
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