Bitcoin Death Cross Looms… Will $60,000 Hold?

▲ Bitcoin (BTC), fear/ChatGPT-generated image ©

Bitcoin (BTC) may form a Death Cross within three days, raising warnings that the $60,000 support level could become a critical turning point in this cycle.

According to cryptocurrency-focused outlet Finbold on February 24 (local time), analyst Ali Martinez said that on Bitcoin’s three-day chart, the 50-day simple moving average (SMA) could cross below the 200-day SMA around February 27, forming a Death Cross. The signal is emerging amid a prolonged downward trend that has followed the October 2025 peak and could mark the first Death Cross on a higher time frame in this cycle.

After surpassing $110,000 in October 2025, Bitcoin has fallen more than 52% to around $68,000. It has recently dropped below both the 50-day and 200-day moving averages, strengthening bearish momentum. On the three-day chart, the 50-day moving average is sloping clearly downward and nearing the 200-day line, suggesting that the mid-term trend has decisively shifted bearish.

Historically, Death Crosses have often appeared just before the “final capitulation phase” of bear markets. In 2013, the crossover occurred after prices had already fallen more than 70%, followed by an additional decline of roughly 50%. Similar patterns were observed after the 2017 and 2021 peaks, with sharp final drops preceding the formation of macro bottoms. Martinez noted that the current structure resembles previous cycles, warning that Bitcoin could decline another 30% to test $40,000, or in a deeper correction, fall an additional 50% into the $30,000 range.

Meanwhile, Bitcoin extended its losses during trading on the 25th, dropping below $65,000. At the time of reporting, the price stood at $63,158, down about 5% over the past 24 hours and more than 6% on a weekly basis. The pullback is attributed to renewed uncertainty surrounding U.S. President Donald Trump’s tariff policies, which has strengthened risk-off sentiment across broader risk assets. After the Supreme Court moved to limit existing tariff authority, President Trump introduced or raised tariffs by 15% on global imports, heightening concerns over slowing growth and inflation.

Market participants view the recent decline not as a full-scale collapse but as tactical deleveraging driven by reduced leverage, ETF outflows, and cascading liquidations. However, if the $60,000 support level breaks, technical selling pressure could intensify further, making the defense of this level a key short-term determinant of future price direction.

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