BItcoin (BTC) Death Cross Flashes - History Points to One MoveBitcoin / USDBINANCE:BTCUSDCoinCodex* The BTC price is sitting right near major support around $60K as a rare 3-day death cross appears on the chart. * In past cycles, this signal has often shown up just before Bitcoin’s final leg down. * Macro pressure and on-chain trends are lining up, putting the BTC price at a critical decision point. When you zoom out, the BTC price doesn’t look like it’s in full panic mode. It looks pressured, and tense. Bitcoin is down about 1.6% in the past 24 hours, trading near $63,690, and moving closely with traditional markets. With an 88% correlation to the S&P 500, this is clearly macro-driven. Tariff headlines and ETF outflows are weighing on risk assets, and Bitcoin isn’t immune. But here’s what stands out: the BTC price isn’t collapsing. It’s drifting lower into a very clear support zone around $60,000–$60,400. That level matters. It already produced one bounce. If it holds again, the broader structure can stay intact. If it breaks, the next major downside pocket sits much lower, near the mid-$40,000s. Now add the 3-day death cross into the mix. Historically, when the 50 SMA crosses below the 200 SMA on the 3-day chart, the BTC price has often printed one final aggressive leg down before forming a durable bottom. Not at the beginning of the bear market, near the end. What’s interesting is that on-chain data isn’t flashing full capitulation. Market cap has pulled back, but activity remains relatively stable. This feels more like controlled selling than emotional collapse. RSI is hovering near oversold levels, which can trigger short-term bounces. But until $60,000 proves itself as firm support, the structure remains fragile. Right now, Bitcoin isn’t crashing. It’s sitting on a pressure point, and those are the moments that usually define the next big move.