Analysis: Bitcoin technical indicators have formed a death cross, previously warning of "the last drop in the market" during the cycle

Analyst @alicharts recently posted that the death cross of the 50 and 200 simple moving averages on the Bitcoin 3-day K-line chart occurred on February 27, which historically often signals the final decline phase of a bear market.

The article cites historical data since 2014, noting that Bitcoin has dropped about 50% after this indicator appeared in each bear market cycle.