I just noticed something interesting on the three-day Bitcoin chart. The MA50 has just crossed below the MA200, and that's what traders call a death cross. It's not something we see every day, so I decided to check what happened the other times it occurred.

Looking at the history, every time this pattern formed during bearish markets (2014, 2018, 2022), the BTC price dropped sharply afterward. We're talking about declines between 52% and 57%. If that repeats now, Bitcoin's price could reach around $36,000 or hover near $40,000 as a support zone. Technical analysis suggests these levels align with Fibonacci extensions that were significant in previous cycles.

Right now, Bitcoin's price is at $77,360, well below its short- and long-term moving averages. The interesting part is that the RSI is in neutral territory, so not everything screams panic yet. Momentum isn't extreme, but the bearish structure is clear. After that peak near $74k not long ago, we lost the quick momentum. We'll see if BTC's price holds or if the pattern is confirmed.