BTC reclaims 200-day EMA, nears escape from death cross pattern

Bitcoin has reclaimed its price level above the 200-day exponential moving average (EMA) for the first time since last October, signaling a potential exit from a bearish death cross pattern, according to an analysis by Decrypt. A death cross, which is technically considered a bearish indicator, occurs when a short-term moving average crosses below a long-term one. Decrypt noted that if the current recovery trend, which began at the start of 2026, continues, Bitcoin could break free from the death cross pattern that formed on its daily chart last November. The analysis also highlighted the significance of today's daily candle, which showed strong buying pressure by closing with a full body and no wick, breaking through a key resistance level.