Bitcoin’s Potential Bearish Trend Signaled by On-Chain ‘Death Cross’
- Bitcoin’s one-month VWAP has crossed below the six-month VWAP, indicating a potential downtrend.
- This pattern historically precedes three to six months of bearish trends for Bitcoin.
- The on-chain ‘death cross’ is an analog to the traditional death cross in technical analysis.
- Bitcoin is currently trading at $82,040, a decline of 5.4% in the last 24 hours.
The crossing of Bitcoin’s one-month volume-weighted average price below its six-month counterpart suggests weakening momentum and potential for a prolonged bearish trend. Historically, such patterns have led to several months of downward movement in Bitcoin prices.
Source (2.6)https://dailyhodl.com/2025/04/03/on-chain-death-cross-bitcoin-flashing-pattern-thats-historically-preceded-bearish-trend-warns-glassnode/?rand=59076
