Bitcoin Nears Death Cross as Price Drops Below $63K

Bitcoin ($BTC) has been witnessing a spiral downturn since hitting the peak price in October 2025. At present, Bitcoin ($BTC) is witnessing the possibility of a death cross between its 200 and 500 simple moving averages (SMAs). As per the data from Ali Martinez, $BTC is currently hovering around $63,232.21, denoting a 3.86% dip. At the same time, the current market structure signals a likely long-term bearish trend ahead.

Bitcoin’s 50-Day SMA Dips Below 200-Day SMA

As the market data suggests, the recent price decline of Bitcoin ($BTC) has reportedly stemmed from diverse market factors. Specifically, the declining investor confidence as well as the rising market volatility are leading among them. Hence, there is a possibility for a death cross that takes place when the 50-day simple moving average hits a level lower than the 200-day simple moving average. The respective indicator points toward a likely extended bearish trend. Therefore, the investors are advised to exercise caution while vigilantly watching the market behavior amid the significant changes.

Death Cross Could Lead to Extended Market Downturn

According to Ali Martinez, the ongoing bearish trend of Bitcoin ($BTC) is causing significant concerns among the investors. The likely approaching death cross could pave the way for a prolonged bearish momentum in the market. Keeping this in view, the investors should get ready for noteworthy price fluctuations in the near term. Even then, the actual outcomes of the current market conditions remain to be seen.