Bitcoin Sees Historic Death Cross, Risking Six Straight Months of Declines

▲ Bitcoin (BTC) / ChatGPT-generated image

Concerns are mounting that Bitcoin (BTC) could trace a prolonged downward curve over the next six months as it faces a powerful bearish signal that has rarely been observed even during past bear markets.

According to crypto-focused outlet The Crypto Basic on February 18 (local time), Bitcoin has recently shown dangerous technical indicators alongside its price correction, factors that are rapidly dampening investor sentiment. Market analysts do not rule out the possibility that the current trend signals more than a simple pullback and may mark the beginning of a structural decline. Notably, signals observed on higher time frames resemble patterns seen during the previous crypto winter, calling for heightened caution.

From a technical analysis perspective, Bitcoin is under additional downward pressure as key moving averages show signs of a death cross. On-chain data from Santiment suggests that large investors are increasingly taking a wait-and-see approach. According to Glassnode, Bitcoin’s accumulation trend score remains around 0.5, showing significantly weaker buying intensity compared to the aggressive accumulation seen in November 2025. This indicates a lack of strong conviction that the current price level represents a bottom and raises the likelihood of testing the realized price model around $54,900.

Sharp fluctuations in open interest are also amplifying liquidation risks. While optimists such as Strategy Chairman Michael Saylor remain confident in Bitcoin’s long-term victory, short-term market fear has not subsided. Despite expectations surrounding U.S. President Donald Trump’s pro-crypto policies, macroeconomic uncertainty and trade tensions continue to fuel risk-off sentiment. Negative developments within the ecosystem, including technical controversies surrounding the XRP Ledger, are also weighing on overall market vitality.

The meme coin sector, including Shiba Inu (SHIB), is also continuing its decline after failing to break through key resistance levels. Shiba Inu is currently testing the strong resistance zone around $0.0000067 but has entered a corrective phase amid prevailing selling pressure. With price volatility increasingly driven by the futures market, the risk of forced liquidations for leveraged investors is higher than ever. Ethereum (ETH) likewise faces a critical moment, as holding the key psychological support level of $1,920 is expected to determine its near-term direction.

Bitcoin’s future trajectory hinges on whether it can defend major support levels and whether institutional inflows meaningfully recover. If the current bearish signals materialize, the digital asset market may struggle to find recovery momentum and remain trapped in a prolonged consolidation phase. Investors should closely monitor changes in technical indicators and adopt conservative asset management strategies. With prices of Bitcoin and other major assets continuing to decline, it may take considerable time before market resilience is restored.

Disclaimer: This article is for investment reference only and the publisher is not responsible for any losses resulting from investment decisions based on this content. The information should be interpreted for informational purposes only.