Bitcoin is entering a decisive phase after falling more than 52% from its October 2025 peak. As bearish momentum persists, analysts are now closely watching a potential death cross on the 3-day chart projected for February 27, 2026, a development that could either confirm the broader downtrend or signal that the worst of the correction may already be priced in.
Analyst Warns of Imminent Death Cross
Market expert Ali Martinez, in a recent post on X, warned that Bitcoin is approaching a potential death cross on its 3-day chart between the 50- and 200-day Simple Moving Averages (SMAs), with the projected crossover date on February 27, 2026.
Martinez reiterated that Bitcoin has crashed by 52% from its October 2025 peak, where it surged above $126,000. A drawdown of more than 50% historically places BTC firmly within bearish territory, signaling more than just a routine correction.
In technical analysis, a death cross is considered a bearish signal that appears when a short-term moving average crosses below a long-term moving average. This crossover is often accompanied by intensifying downward momentum and can result in a prolonged price decline if selling pressure persists.
However, Ali also noted an interesting historical pattern: since 2014, death crosses between the 50 and 200 SMAs on the 3-day chart have often preceded the final leg down of a bear market, frequently marking or occurring close to macro bottoms.
Bitcoin Dip Is Nothing Unusual—History Points to Another Bounce: Peter Brandt
Bitcoin Stalls Below $70K as Deglobalization and AI Disruption Drive Macro Regime Shift: Wintermute
While technical signals dominate short-term discussions, broader macro forces may also be influencing Bitcoin’s trajectory. According to crypto market maker Wintermute, BTC has stalled below $70,000 amid what it describes as a structural macro regime shift.
Wintermute argues that rising deglobalization trends and rapid AI-driven economic disruption are reshaping capital flows across global markets. In such an environment, traditional liquidity cycles may no longer behave as they have in previous crypto bull and bear markets.
This evolving macro backdrop could partly explain Bitcoin’s prolonged consolidation and failure to reclaim key psychological levels despite previous bullish momentum. If liquidity conditions remain tight and global risk appetite weakens further, BTC could struggle to regain upward traction in the near term.
Bottom Call Failures and $50K Risk Raise Stakes
Despite repeated attempts by several market experts to call the Bitcoin bottom, BTC has continued to crash below their projected price levels, suggesting that the ultimate market floor may not yet be in place.
Interestingly, Standard Chartered analyst Geoffrey Kendrick recently predicted that Bitcoin could decline toward $50,000 if global risk appetite continues to weaken. Such a move would mark another significant leg down and intensify bearish sentiment across the broader crypto market.
With Martinez’s projected February 27 death cross fast approaching, investors and traders are carefully observing what the date could bring. Meanwhile, according to CoinMarketCap, Bitcoin has now declined to the $63,000 region amid increased bearish pressure, reinforcing concerns that sellers still control the market.
Standard Chartered Warns Bitcoin Could Drop to $50K, Ethereum to $1,400 as Sentiment Weakens
Evans Kelvin
The CoinRemark Team
