Bitcoin Forms Death Cross on Three-Day Chart, Analysts Eye $36,000 Support Zone

Bitcoin has formed a death cross on the three-day chart, with the 50-period moving average crossing below the 200-period moving average, TradingShot analysis on TradingView showed on March 6. Historical bear phases since 2014 saw declines of about 52% to 57% following similar crossovers, suggesting a potential move toward $36,000 if the current cycle mirrors past patterns. Analysts highlight the $40,000–$36,000 band as a possible accumulation region based on Fibonacci extensions from the 2018 and 2022 bear markets. Bitcoin traded at $67,955 at the time of reporting, below its 50-day SMA at $75,548 and 200-day SMA at $96,080, with the 14-day RSI at 45.93.