Bitcoin death cross sparks bear market debate among analysts

A death cross has formed on Bitcoin's daily chart, with its 200-day moving average (MA) falling below its 50-day MA, prompting some analysts to declare the start of a bear market, Cointelegraph reports. Analyst Crypto₿irb, who has 700,000 followers on X, stated that from a technical perspective, the bull market is over. The analyst projected that a downtrend will dominate 2026, citing the 200-day MA's trend reversal, surging volume on price drops, and above-average volatility. Similarly, 10x Research analyst Markus Thielen asserted that Bitcoin is in a bear market and is currently experiencing a reversal rally. However, other experts are more cautious. Henrik Andersson, Chief Investment Officer at Apollo Capital, argued that while buying pressure from digital asset treasuries has faded, it is too early to definitively call a bear market. Analyst Skew offered a conditional outlook, suggesting that a price increase from the current level would indicate upward momentum, but a drop back below $88,000 would signal a failed rebound.