Bitcoin price chart 'death cross' is back, reviving late-cycle fears

Bitcoin's price chart is showing a 'death cross' technical pattern, which historically indicates bearish momentum. Based on similar past occurrences, BTC prices have typically declined by approximately 35% over the following month, raising concerns about potential downside risks for traders.

• →Bitcoin's chart is displaying a 'death cross' pattern, a bearish technical indicator.
• →Historical data shows BTC prices have averaged 35% declines over a month following similar death cross formations.
• →The pattern is reviving fears about Bitcoin being in a late-cycle phase.
• →Traders are focusing on downside risk scenarios given the technical signal.
• →The death cross represents a crossover of key trend lines that typically signals bearish momentum.