Bitcoin Approaches 'Death Cross' as Market Tests Major Historical Pattern

Glassnode data shows that bitcoin’s "death cross," a technical analysis term that may indicate a bearish signal, is imminent, but with a catch. The 50-day moving average for bitcoin at $110,669 is now on the verge of slipping below the 200-day moving average at $110,459, potentially triggering the death cross. This crossover is widely viewed in technical analysis as a bearish signal because it reflects weakening short-term momentum relative to the longer trend. However, this can also act as a possible po ...