Bitcoin Could Face Deeper Losses as Death Cross Signal Strengthens

Bitcoin’s technical outlook is becoming increasingly bearish, with traders now watching key chart signals that suggest the current decline may not be over. After weeks of weakening momentum, Bitcoin has entered a critical phase where downside risk is starting to dominate market structure.

The broader crypto market is facing what many describe as an identity challenge. While gold has surged beyond $5,600 per ounce and silver has climbed above $121, Bitcoin has struggled to attract the same safe-haven demand. Despite being promoted as a store of value, Bitcoin continues to lag behind traditional assets when macroeconomic fear takes control.

Rising concerns around a potential U.S. government shutdown, uncertainty surrounding Federal Reserve policy, and speculation over Japanese yen intervention have pushed investors toward crisis-tested assets. In these environments, gold and silver remain the first choice, while crypto is often treated as a secondary option.

Bitcoin recently traded near $83,400, posting a daily decline of more than 6%. The price has now fallen sharply from its January peak near $97,000, slicing through multiple support levels along the way. This breakdown has raised alarms that the market could be entering a deeper corrective cycle.

One of the most significant technical developments is the emergence of the death cross, a bearish pattern that occurs when the 50-day exponential moving average drops below the 200-day EMA. This crossover is widely viewed as one of Bitcoin’s most ominous long-term signals, historically appearing before major drawdowns such as the 2018 bear market and the 2022 collapse.

The 50-day EMA is currently hovering around $88,000, creating strong overhead resistance. Bitcoin remains well below both moving averages, meaning bulls must reclaim these levels before any meaningful recovery can begin.

Volume has also increased during the decline, confirming that real sellers are active rather than the move being driven by low liquidity. The ADX indicator sits near 24, just below the threshold of 25 that would confirm a strong trend. If ADX rises above that level, it could validate the strength of the bearish direction.

Analysts warn that if the $80,600 support breaks, Bitcoin could slide toward $74,000, a zone that previously acted as a major floor. In a more extreme scenario, the $65,000 region may become relevant as long-term monthly support.

For now, the path of least resistance remains downward. Bulls will need to see a daily close back above $88,000, alongside strengthening trend indicators, to suggest that the tide is turning. Until then, Bitcoin may continue facing volatility, pressure, and comparisons to gold’s outperformance.