Just looked at the Bitcoin price chart today and a pretty serious bearish signal has appeared on the 3-day timeframe. The death cross has already formed, meaning the MA50 has fallen below the MA200, and this has historically often been a sign of a major decline coming.

Looking at history, every time this pattern has appeared since 2014, Bitcoin has always dropped significantly. In 2018 and 2022, this asset fell about 52% after this signal was formed, even in 2014 the decline was deeper, up to 57%. Based on Fibonacci calculations and these levels, the possible bearish target is in the $40,000 to $36,000 zone.

Currently, the Bitcoin price today is at $77.95K, but it has already fallen from last week's peak which nearly touched $74,000. The current position is also below the MA50 at around $75K and well below the MA200 at around $96K, confirming a bearish condition. RSI is still in the neutral zone, but momentum is starting to lose strength.

So if this pattern repeats like previous cycles, be cautious with the Bitcoin price today because the $40,000-$36,000 zone could be the next major support. This is not a definite prediction, but the technical signals are clear enough to watch out for.