Bitcoin (BTC) is painfully close to recording an ominous first in its 14-year history: its premiere “death cross” on the weekly price chart. Two major moving averages (MA) are about to converge: its 200-week and its 50-week. Technical analysis suggests it is extremely bearish for the 50-week MA to cross below a 200-week MA — hence the “death” part. Death crosses are lagging indicators. The pattern is typically used by investors and traders as a signal that a trend change from bullish to bearish is about to, or has, taken place. Bitcoin switched from a heady bull market to a stifling bear market sometime in late 2021 ... (full story)