Bitcoin Approaches Critical Support Amid Market Speculation

NEW YORK, NY — Bitcoin (BTC) has recently fallen below the $100,000 mark, approaching a technical indicator known as a “death cross,” which occurs when the 50-day simple moving average (SMA) dips below the 200-day SMA. This indicator often signals potential market bottoms, leading to speculation about whether the current dip reflects a genuine low point.

Analysts have been closely monitoring the impending death cross, which is anticipated to happen within the next few days. Analyst Colin noted that this event is only 1–2 days away and expects Bitcoin to experience further declines, with altcoins potentially facing larger drops. “The projected Bitcoin death cross is a timing element for when the bottom might be in,” he stated.

Historically, Bitcoin has demonstrated behavior that suggests it tends to find local bottoms around such occurrences. Between 2018 and April 2025, there have been at least eight instances of the death cross, with Bitcoin rallying an average of 45% following these events.

Supporting this optimistic outlook, analyst Ash Crypto observed that Bitcoin typically recovers rapidly after death crosses. However, some market experts express caution. One market observer pointed out that the average maximum loss tends to exceed 30% within a year following a death cross. If this crossover occurs at the current $100,000 level, it may lead to a decline towards $70,000.

As the market approaches this critical juncture, it remains important for traders to consider several factors, including trading volume and on-chain activity. The current analysis suggests a short-term capitulation might precede the formation of the death cross, followed by a potential rebound.

Overall, while the effects of the death cross may lead to a downward correction, historical patterns indicate that a strong upward trend often follows in the aftermath.