As reported by Alicharts, Bitcoin ($BTC) has recently formed a new death cross on a crucial timeframe: the three-day chart. The shared chart illustrates the convergence of the 50 Simple Moving Average (SMA) and the 200 SMA, marking this significant bearish signal.
The three-day chart is regarded as one of Bitcoin’s most critical timeframes from a macroeconomic viewpoint. It occupies a space between daily and weekly charts, providing sufficient long-term structure while maintaining more responsiveness than weekly data.
Ali pointed out that historically, every bear market for Bitcoin ($BTC) since 2014 has concluded its final downturn following the appearance of a death cross between the three-day 50 and 200 SMAs.
Bitcoin $BTC has just printed another death cross!
If past trends hold true to any extent, this could indicate we are entering the last downward phase of this cycle. https://t.co/6ggg9kD93s?from=article-links
— Ali Charts (@alicharts) March 6, 2026
In December 2014, Bitcoin had already experienced a decline of 72% before forming its death cross; following that crossover event, $BTC dropped an additional 52%. Similarly, when the death cross emerged in late-2017 after witnessing a drop of about 67% from its peak value at that time, it subsequently fell another half. In yet another instance during the cycle in May 2022—when Bitcoin was down by approximately58%—the formation of this bearish signal led to an additional decline of around46%.
This historical context suggests that if patterns repeat themselves even slightly, it may herald an impending final downward movement within our current cycle as noted by Ali.
However, Ali cautioned that while these occurrences have been frequent indicators in previous cycles leading up to significant downturns before establishing macro bottoms—they do not guarantee similar outcomes will unfold again.
The Current State of Bitcoin Prices
This March saw Bitcoin momentarily spike to $74,100 before retreating. As per recent updates at writing time,Bitcoin had decreased by approximately4.93%, trading at $68,755 after hitting lows around$68,402—a trend extending into its second consecutive day downwards.
The latest robust economic indicators have played their part in diminishing expectations regarding potential rate cuts.
The focus now shifts towards today’s nonfarm payroll report along with wage growth statistics; should these figures exceed forecasts significantly—it could further dampen hopes for Federal Reserve rate reductions while injecting renewed volatility across financial markets.
A reassessment is underway among traders concerning monetary policy outlooks; according to CME Fed funds futures data investors currently perceive less than even odds regarding two anticipated25-basis-point cuts being enacted within this year alone!