Historical patterns suggest Bitcoin’s 50-week moving average crossing below its 100-week line could mark a price floor.
Bitcoin’s 50-week simple moving average is poised to drop below its 100-week average, forming a “bear cross” that has historically signaled price bottoms. BTC currently trades at $62,280, near its June low of $60,000.
Previous bear crosses in Bitcoin’s history—three in total—each preceded market lows, though skeptics argue the sample size is limited. The cryptocurrency has traded between $60,000 and $65,000 for most of June, with analysts divided on whether the pattern will hold.
If confirmed, the bear cross could indicate the end of Bitcoin’s decline since October, though critics caution against overreliance on past trends.