Bitcoin Nears Critical Death Cross Pattern as BTC Tests Key Historical Support Levels

Bitcoin is approaching a significant technical indicator known as the "Death Cross" as the cryptocurrency market tests major historical patterns. The potential formation occurs when Bitcoin's 50-day moving average crosses below its 200-day moving average, traditionally signaling bearish momentum. Market analysts are closely monitoring BTC price action as it approaches this critical technical juncture. Historical data shows previous Death Cross formations have often preceded substantial market volatility. Current trading patterns suggest Bitcoin is testing crucial support levels that could determine the next major price direction for the leading cryptocurrency.