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Bitcoin nears bearish 'death cross,' risking a 30% drop below $45,000 amid security and macro concerns.

Technical Signals
03 Aug 2026
FXEmpire
View Source
Bearish
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Bitcoin's 20-week EMA is close to crossing below its 200-week EMA, a bearish signal known as a 'death cross' that preceded a 29% price drop in 2022. This technical pattern, combined with an inverse cup-and-handle formation, suggests Bitcoin could fall below $45,000. Additional pressures include a major Coldcard wallet hack undermining investor confidence, a strengthening yen impacting carry trades, and rising expectations of Federal Reserve rate hikes, all contributing to a bearish outlook for Bitcoin.

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