[Analysis: Bitcoin technical indicator shows death cross, previously signaling 'the last drop of the market' in cycles] BlockBeats news, March 2, analyst @alicharts recently published an article stating that the death cross of the 50-day and 200-day simple moving averages on Bitcoin's 3-day candlestick chart occurred on February 27. Historically, such signals often indicate the final downward phase of a bear market. The article cites historical data since 2014, pointing out that Bitcoin has typically dropped around 50% after this indicator appears in each bear market cycle.