BTC nears 50/100-week dead cross, but it could signal a bull run

An impending dead cross between Bitcoin's 50-week and 100-week simple moving averages (SMA) could signal a market bottom and the start of a long-term bull market, according to a CoinDesk analysis. While a dead cross is typically interpreted as a bearish signal, historical charts show this specific event has previously been followed by the end of a bear market and a subsequent three-year bull run. The outlet explained that SMAs are strong lagging indicators, and by the time a 50/100-week dead cross occurs, significant deleveraging, an exit of short-term speculative capital, and capitulation selling have often already taken place. However, factors such as interest rates, ETF fund flows, and the movements of MicroStrategy (MSTR) will also affect future price direction, CoinDesk added.