Bitcoin Between Life and Death: Price May Enter a 3-6 Month Period! - Coin Bulletin

Koinbulteni · 2025-04-04T08:26:33+00:00

A new technical formation in Bitcoin's price may indicate a future trend lasting 3 to 6 months. Glassnode's warning signal resembling the "Death Cross" suggests a significant downturn ahead, historically leading to 3 to 6 months of price decrease. Bitcoin is currently trading at $83,094 according to CoinGecko.

Koinbulteni

2025-04-04 08:26:33

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A new technical formation emerging at the price of Bitcoin (BTC) may herald a trend that could last for the next 3 to 6 months.

According to the latest data published by Glassnode, an important warning signal has emerged for Bitcoin. The structure seen in the charts resembles the “Death Cross” (Death Cross) formation in traditional financial markets, indicating that a significant decline in Bitcoin price could occur in the near term.

The graph published by Glassnode clearly shows that Bitcoin’s 30-day volume-weighted price has fallen below its 180-day volume-weighted price. This situation indicates a downward trend that investors and analysts refer to as a “bear market”. Historical data shows that similar formations have been followed by a 3 to 6 month decline period in prices.

The emergence of similar indicators in the past has caused prolonged downturns for Bitcoin investors. For example, in June 2021 and following December 2021, similar situations were observed where the price of Bitcoin experienced downward movements lasting approximately 3 months and around 13 months. In the recent decline, Bitcoin had fallen from levels of 69 thousand dollars to around 15 thousand dollars in a short period.

According to CoinGecko data, Bitcoin is trading at $83,094 at the time of writing.

BTC-0,42%

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