Bitcoin Sees Historic Death Cross On 3-Day Chart — What Does This Mean?

Market analyst Ali Martinez highlights a recent development on the Bitcoin 3-day chart with significant bearish implications. The leading cryptocurrency still trades just below the $70,000 mark following the temporary breakout earlier this week. Bitcoin has now spent an overwhelming majority of the last month within the $60,000 – $70,000 price range, after prices crashed to a new market low in late January/early February amid the extended bearish season. Related Reading: Bitcoin May Hit $180,000 This Year, But Only If This Scenario Plays Out: Amber Data Bitcoin Set For Another Leg Down? In an X post on March 6, Martinez shares a key macro insight on the Bitcoin price trajectory, using historical data from the 3-day trading chart. The seasoned analyst explains that th...