Bitcoin’s Death Cross: The Bear Market’s Grotesque Ballet 🎭💀

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Oh, the absurdity of it all! 🌪️✨

  • Behold, the Death Cross hath reared its ghastly head once more, foretelling a plunge of 64%-77% in BTC’s price. What a farce! 🤡📉

  • Investors, like chickens in a storm, are flinging their BTC holdings into the void, selling at a loss. Cluck, cluck, indeed! 🐔💸

Ah, Bitcoin (BTC), thou fickle darling of the digital realm, hast thou truly descended into the abyss of a bear market? On Friday, thy price plummeted to $80,000, and the technical indicators, those soothsayers of doom, whisper of prolonged despair. 🕳️💔

The Macro Uptrend: A Phantom Vanished into the Ether

The BTC/USD pair, like a drunken Cossack, stumbled below its 50-week moving average on Sunday. Rekt Capital, that sage of the charts, had warned: “The price must reclaim it swiftly, lest the structure crumble!” But alas, it was not to be. 🥃📉

#BTC

Oh, the tangled web Bitcoin weaves! A Weekly Close below the 50-week EMA, and the bullish structure hangs by a thread. Will it reclaim its throne, or shall we witness its grotesque downfall? 🎭⚰️

– Rekt Capital (@rektcapital) November 16, 2025

“Bitcoin failed to reclaim the 50-week EMA,” Rekt Capital lamented on X, adding with a flourish: “When the macro trend shifts, the bullish structure is but a phantom!” 🧙♂️💨

And so it came to pass that Bitcoin tumbled below the 100-week moving average, reaching a six-month low of $80,500. A tragedy, or a comedy of errors? You decide. 🎭💸

Lo, the “Death Cross” appeared on the daily chart, a harbinger of woe. On November 16, the 50-day SMA crossed below the 200-day SMA, a spectacle last seen in January 2024. Mister Crypto, with a wink and a smirk, queried: “Why would this time be different?” 🤔💀

“Every Bitcoin cycle ends in a Death Cross, a dance of despair and folly. Will this cycle break the mold, or shall we waltz to the same old tune?” 🎶💃

In January 2022, the Death Cross heralded a 64% plunge, bottoming at $15,500, thanks to the FTX collapse. March 2018 and September 2014 saw declines of 67% and 71%, respectively. History, it seems, is but a revolving door of absurdity. 🚪🔁

CryptoMoon, that oracle of the markets, reported that Bitcoin’s SuperTrend indicator also turned bearish, a sign that hath historically marked the dawn of a bear market. 🌑🐻

Realized Losses: A Carnival of Capitulation

As selling pressure mounts, realized losses have surged to levels unseen since the 2022 FTX debacle. Glassnode, that keeper of onchain secrets, revealed that Bitcoin’s aggregate realized losses surpassed $800 million on a seven-day rolling basis. A veritable carnival of capitulation! 🎪💸

“Short-term holders lead the dance of despair, their losses a testament to the washout of marginal players. Oh, the folly of it all!” 🕺💨

CryptoQuant analyst IT Tech chimed in, noting that short-term selling often marks a local bottom-if the price reclaims its cost basis. But failing to do so? Ah, that confirms the bear market’s grotesque embrace. 🐻🌀

“To reclaim or not to reclaim, that is the question. But woe betide those who fail, for the bear market awaits with open claws!” 🦝⚠️

CryptoMoon reports that short-term holders are panic-selling at a loss, fueling predictions that BTC will extend its downtrend toward the April bottom of $74,500. A tragic farce, or a farcical tragedy? You be the judge. 🎭💸

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2025-11-21 23:30