Bitcoin's 50-week moving average is about to cross below its 100-week — a "bear cross" that has historically marked the exact bottom of every major BTC decline.
Three times in Bitcoin's history this crossover has occurred. Each time, it signaled the end of a bear market and the start of a multi-year rally. The bear cross reflects the 50% correction from $126K down to around $60K, which means most speculative froth has already been purged.
With BTC currently trading near $62,400 and the moving averages sitting at $89K and $88K, this isn't predicting more downside — it's confirming that the worst is likely behind us. The bearish signal is actually bullish in context.
Will history repeat itself once again? 📊