I noticed an interesting point on the Bitcoin chart—on the weekly timeframe, a death cross has formed, when the MA50 crossed below the MA200. Historically, this is one of the most reliable bearish signals, and every time it has happened since 2014, the Bitcoin price drop has been significant.

According to analysts, if the pattern repeats as in previous cycles, a decline of 50–52% is possible. From current levels, this points to a potential accumulation zone around $36,000 to $40,000. That’s where Fibonacci extensions converge with the historical lows of 2018 and 2022.

What’s interesting is that Bitcoin is currently trading below both moving averages—this is a classic bearish signal. At the time of writing, the price is around 77.7K, but the momentum has clearly weakened after it failed to hold the 74K level at the beginning of the month. The RSI is at a neutral 45, confirming uncertainty in the market.

Although there was an earlier short-lived rally due to inflows into spot ETFs and geopolitical factors, it quickly ran out of steam. Now everything depends on whether the current structure holds, or if the Bitcoin price drop continues toward the target levels. It’s worth watching how price reacts at key support points.