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Bitcoin nears bearish death cross while Zcash rebounds strongly after June crash

Technical Signals
05 Aug 2026
Crypto Briefing
View Source
Neutral
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Bitcoin is trading around $62,700, close to a potential bearish death cross where its 20-week moving average may fall below the 200-week average, signaling possible further weakness. Meanwhile, Zcash has recovered impressively from a sharp 50% crash in June caused by a security flaw, bouncing back to $460-$517 after an emergency fix and upcoming upgrade. Investors should watch if Bitcoin can reclaim $68,000-$69,000 to avoid bearish signals and whether Zcash's Ironwood upgrade restores full trust and supports further gains.

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