Bitcoin Flashes Historic Bearish Pattern as Analysts Warn Worst May Be Yet to Come
A “death cross” is a technical signal that occurs when the 50-period moving average falls below the 200-period average. TradingView’s three-day chart shows that similar patterns appeared during the late stages of the 2014, 2018 and 2022 bear markets. In 2018, Bitcoin fell from $6,000 to below $4,500 within a week, while in 2022 it slid from $32,000 to $17,500. The pattern is therefore viewed as a warning that losses could deepen.
Cointelegraph reported on March 3, 2026, that Bitcoin’s three-day chart had formed its first death cross since June 2022. As of March 2026, the price was down about 50% from its record high of $126,270 five months earlier. Bitcoin fell by an average of 35% in the month after the previous three signals, though U.S. spot Bitcoin ETFs still recorded $458.2 million in net inflows on Monday, pointing to both dip-buying demand and continued downside risk.
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The history behind this eventAnalyst Warns Bitcoin Could Fall Further After Worst June Since 2022
Bitcoin rebounded after the crypto market’s deleveraging in 2022, but its price remains sensitive to capital flows and technical support levels. The pseudonymous analyst PlanB assesses market cycles using realized price and the 200-week moving average. Investors often use these indicators to gauge whether a bear market has bottomed, drawing attention to the latest warning.
Bitcoin fell 20.5% in June and ended the month at $58,526, marking its worst June performance since June 2022. PlanB said the price remained above realized price but was below the 200-week moving average, suggesting a bottom might not yet have formed. Bitcoin could fall further to $52,000, the analyst warned.
Familiar Bitcoin Price Pattern Fuels Speculation of a Drop
Bitcoin has traded within a range since February 6, 2026, repeatedly topping out between $72,000 and $75,000 and finding support between $62,000 and $65,000. CoinDesk noted that a similar two-month pattern emerged from November 2025 to January 2026 before the price broke below the range, prompting traders to fear a repeat.
As of April 7, 2026, Bitcoin was trading at $69,000 and Ether at $2,130, while Bitcoin open interest was unchanged at $16.7 billion. CoinGlass data showed $163 million in liquidations over 24 hours. Brent crude at $107 a barrel and U.S.-Iran tensions weighed on risk appetite, but ZEC and DASH rose 6.7% and 3.1%, respectively, while FET and RENDER also showed relative strength.
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