Bitcoin Weekly Chart Flashes Death Cross, Analysts Eye Bull-Market Comeback in September
Bitcoin’s weekly chart recently formed a “death cross” between its 50-week and 100-week simple moving averages, a technical signal typically seen as a warning of weakening market momentum. Analysts including trader Jelle offered a contrarian interpretation, saying the rare pattern has historically marked the closing stages of bear markets and periods of bottom-building and accumulation. They cited the price action before the September 2022 bottom, suggesting the current market may instead offer a key opportunity for long-term positioning.
Amid uncertainty over the Strait of Hormuz and Federal Reserve policy, as well as net one-day sales of 67,000 BTC by mid-sized whales, Bitcoin is trading around $62,000. Trader Ryker nevertheless predicted that market makers would position early and that a bull-market comeback could begin in September or October 2026. A break above the key $64,000 resistance level would open the way higher, while failure to do so could send the cryptocurrency down toward support at $57,800.
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The history behind this eventBitcoin Nears Historic Fourth Death Cross
A “death cross” is a technical signal that occurs when a short-term moving average falls below a long-term moving average and is generally seen as a sign of weakening market momentum. Bitcoin’s 50-week moving average is closing in on its 100-week moving average. All three previous crosses of this kind occurred near cyclical bottoms, suggesting the latest signal could also indicate that the current correction is nearing an end.
As of July 20, 2026, the market expected Bitcoin to form its fourth death cross on record as early as the week of July 27. Although all three previous instances proved to be bottoming signals, investors still need to watch whether U.S. Treasury yields and Federal Reserve interest-rate policy continue to constrain dollar liquidity and risk-asset valuations.
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