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Reputed analyst highlights bearish signal on the BTC price chart.
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Death cross prophecy in play for BTC price?
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When will BTC set its bottom price this year?
The price of the pioneer crypto asset, Bitcoin (BTC), fell below $60,000, while the price of Ethereum (ETH), the pioneer altcoin asset, fell under $1,600, marking the continuity of the bear market phase. Amidst the continued dip, one reputed analyst highlights bearish signal on the BTC price chart. Is a death cross prophecy in play, or will the crypto market see one final pump before the crash?
Reputed Analyst Highlights Bearish Signal on the BTC Price Chart
The popular and highly reputed analyst, Doctor Profit, known for his many accurate market predictions shares his latest crypto market weekly report. In this latest update, he goes on to highlight something very important that he deems no one is talking about. He says this latest observation falls perfectly in line with the capitulation event he has been expecting since the start of Stage 5.
#Bitcoin – What's Next?
The Big Sunday Report: All We Need to Know
🚩 TA / LCA / Psychological Breakdown:
Today I want to share something very important that almost no one is talking about. At least I have not seen a single account on X pointing this out yet, and the best part… pic.twitter.com/bPSlpReHRB
— Doctor Profit 🇨🇭 (@DrProfitCrypto) June 28, 2026
As we can see from the post above, he goes on to highlight how in 2022, Bitcoin saw a death cross on the 1-week chart, with the white line crossing below the blue line, as highlighted in the image accompanying the post. That death cross happened right after BTC lost the MA200 weekly. Two months after the death cross, the capitulation candle printed at $15,000 – $16,000, and Bitcoin went down another 30% after the death cross. This move is exactly what marked the end of the previous bear market.
Death Cross Prophecy in Play?
Looking at the chart for 2026, he says to first note how BTC lost the MA200 weekly, just like in 2022. Secondly, BTC is currently showing the same white-crossing-blue structure on the 1-week chart that preceded the previous death cross, and the death cross is loading once again. Third, in 2022 BTC dropped 30% after the death cross. The same setup is loading right now.
Thus, he concludes that the pattern is repeating once again with the same indicators, in the same structural sequence. He also mentions his prior warning recently regarding the MA200 weekly, and how he expected it to not hold. The biggest mistake he sees most people make is in buying right into the MA200 weekly support, believing it is a strong support. This is how buyers get trapped.
Over the last few reports, Doctor Profit has been calling for a major capitulation event, believing that this event will trigger the final fall for the price of BTC, where the asset will go on to set the bear market bottom, around the $40,000 price range, possibly by the first week of October 2026. This move will set in the motion a steady rise in crypto prices from the next year, leading into the start of the accumulation cycle before the next bull market phase.
