## Bitcoin's Death Cross Triggers Bear Market Debate Bitcoin recently experienced a "death cross" on its daily chart, with the 50-day moving average dipping below the 200-day moving average. This technical indicator has led some analysts to declare the start of a bear market. Crypto₿irb, a prominent crypto analyst, suggests that the bull market is over, citing a trend reversal on the 200-day MA and increased trading volume during the decline. 10x Research's Markus Thielen echoed this sentiment, stating that Bitcoin is currently in a bear market with a reversal rally underway. However, not everyone agrees. Apollo Capital's CIO, Henrik Andersson, notes that while buying pressure from crypto accumulation companies has diminished, it's premature to definitively declare a bear market. Analyst Skew suggests that upward momentum could return if Bitcoin continues to rise, but a drop below $88,000 could signal a failed rebound. The coming weeks will be crucial in determining whether this death cross truly signifies a prolonged downturn or merely a temporary dip in Bitcoin's price. ```