Ah, the fickle dance of fortune! Once more, the specter of the “death cross” haunts the halls of Bitcoin’s grand masquerade. How quaint, how predictable, and yet, how utterly absurd. Chartist Ali Martinez, that modern-day Cassandra, warns of this ominous pattern on the three-day chart-a harbinger, they say, of Bitcoin’s descent into the abyss. Late February, it seems, shall be the hour of reckoning, with prices tumbling to $40,000, or perhaps, in a fit of dramatic flair, to $30,000.
The Death Cross: A Pattern as Reliable as a Russian Winter
Martinez, ever the diligent observer, points to the three-day chart as the oracle of Bitcoin’s fate. The interplay of the 50 and 200 simple moving averages, he claims, has been as faithful a predictor of doom as a Turgenev novel is of heartbreak. “The death cross,” he writes with the gravity of a man foretelling the end of days, “has consistently preceded the final leg down of a bear market.”
How poetic, this dance of numbers and lines, a tragedy scripted by algorithms and greed. After the 2013 peak, Bitcoin fell 72% before the death cross appeared in December 2014, only to plummet another 52%. In 2018, it arrived like a tardy guest, just in time for a 50% decline. And in 2022, it emerged once more, ushering in a 45% drop. History, it seems, is not just written-it is charted.
Yet, here we are again, in 2025, with Bitcoin having kissed the heavens at $126,000, only to find itself languishing at $66,000-a fall of nearly 48%. Martinez, ever the pessimist, warns that if the death cross confirms its presence in February, a 30% decline could send Bitcoin to $40,000, while a 50% drop would see it languish at $30,000. Ah, the sweet scent of despair!
But let us not be too hasty, for even Martinez concedes that nothing is certain in this theater of the absurd. The current structure may echo the past, but who can say if the players will follow the script? Perhaps Bitcoin, like a restless protagonist, will defy its predetermined fate.
The Market’s Whims and On-Chain Follies
In the meantime, the market weeps-or is it laughing? Bitcoin is down 2.5% in the last 24 hours, over 4% in the past week, and a staggering 27% in the past month. Blame it on the tariffs, those clumsy instruments of economic warfare, wielded by the ever-erratic President Trump. A 15% global tariff, announced with his usual flair for the dramatic, sent shockwaves through the markets. The impact on Bitcoin, as always, was delayed but inevitable, arriving with the opening of legacy futures markets.
A bearish impulse swept through the futures market, with taker sell volume spiking to $2.3 billion in a single hour. Long liquidations followed, to the tune of 1,247 BTC, worth over $81 million. Santiment data, ever the impartial observer, confirmed the carnage: open interest plummeted to $19.5 billion, half its January peak, and negative sentiment skyrocketed. The market, it seems, has entered “FUD mode”-fear, uncertainty, and doubt, the unholy trinity of the crypto world.
And so, we wait, with bated breath and a touch of irony, for the death cross to make its grand entrance. Will it be the final act in Bitcoin’s tragedy, or merely another twist in its endless farce? Only time, that indifferent narrator, will tell.
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2026-02-23 20:24