Analyzing Bitcoin’s ‘death cross’ – Price stagnation ahead?

• Bitcoin could be set for a long period of stagnation, as the death cross occurs on 30DMA & 365 DMA.
• BTC has moderately recovered on daily charts by 2.58%.

Over the past 24 hours, Bitcoin [BTC] has experienced a strong upswing, reclaiming the $100k level.

However, it has made a pullback over the last few hours. In fact, as of this writing, Bitcoin was trading at $99417 after rising by 2.58% on daily charts.

This slight pullback reflects the overall BTC struggle with keeping up with an upward momentum. As such, this stagnation has left analysts predicting a bearish outlook for the Crypto.

Inasmuch, CryptoQuant analyst Yansei Dent has suggested a potential mid to long-term price stagnation, citing the emergence of a dead cross.

Bitcoins Death Cross emerges on Bitcoin’s active addresses

In his analysis, Dent observed that Bitcoin has entered a stagnation phase, with active addresses signaling a weakening momentum.

According to him, a death cross has emerged on the 30-Day Moving Average (DMA) and 365 DMA. This death cross signals a decline in short-term activity among investors.

Historically, similar patterns in active addresses have coincided with bearish market conditions, acting as negative indicators.

Additionally, the analysis shows that the transaction count has been declining since Q4 2024. This further reinforces the likelihood of mid to long-term market stagnation.

Therefore, with these conditions still prevailing, BTC could struggle to maintain an uptrend until the overall market signals improvement.

Bitcoins What does it mean for BTC charts?

Notably, a decline in activity and an emergence of a death cross, signal weakening market fundamentals which could see BTC struggle to keep an uptrend.

For starters, we can see this short-term bearishness through the declining NVT Golden Cross. This has declined to reach the negative zone of -1.1, at press time.

When the NVT golden cross reaches negative, it suggests decreasing Bitcoin’s market value relative to transaction activity.

This reduced network activity is further confirmed by a negative price DAA Divergence. This shows that market fundamentals are weakening and current BTC value might be unsustainable.

Bitcoin’s fund market premium has declined to -0.08. When the fund market premium reaches this level, it indicates that futures prices are trading below spot prices. This suggests a high demand for short positions.

– Read Bitcoin (BTC) Price Prediction 2025-26

Although Bitcoin has reclaimed $100k over the past day, the markets are not healthy enough for a sustained uptrend.

The current gains arise from speculative activity, especially following the U.S. inflation data release.

Therefore, with weakening fundamentals, BTC will continue to consolidate within a range of $94k and $100k.