Bitcoin downside looks limited as contrarian bear-cross signal nears, CoinDesk says
2026-06-23 09:17:39
Bitcoin’s long-term moving averages are close to flashing a bearish “bear cross,” a signal that has historically marked bear-market bottoms and preceded renewed bull runs, according to CoinDesk. The 50-week simple moving average is nearing a drop below the 100-week average and could cross as soon as next week. CoinDesk notes the setup reflects BTC’s roughly 50% slide from $126,000 in October to nearly $60,000, making it a lagging indicator with limited predictive power. BTC was near $62,400, with the 50-week at $89,771 and the 100-week at $88,397.
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