The question “Is Bitcoin dead?” often arises, particularly when the market experiences downturns.
Technical analysis plays a crucial role in assessing Bitcoin’s health.
Table of contents
Technical Indicators and Death Crosses
One signal that often leads to concerns about Bitcoin’s demise is the infamous death cross.
This pattern occurs when a short-term moving average crosses below a long-term moving average,
indicating a potential shift to a downtrend.
The Bitcoin Cycle Theory
The Bitcoin Cycle Theory suggests a repeated pattern based on halving events, which occur approximately every four years.
These events reduce the reward for mining new blocks, impacting supply and potentially influencing price.
Bitcoin’s Resilience
Despite facing numerous “death declarations,” Bitcoin has repeatedly demonstrated resilience.
Even after significant price drops, Bitcoin has often recovered and reached new highs.
As of today, August 7, 2025, Bitcoin has faced numerous death declarations.
Investor Behavior and Media Influence
Many people make the mistake of investing in cryptocurrency before understanding it.
This is the same reason so many people call Bitcoin dead.
When the market dips, inexperienced investors may panic and sell off their holdings,
leading to media reports of Bitcoin’s demise.
Expert Opinions
It’s worth noting that opinions on Bitcoin vary widely.
Some high-profile figures continue to dismiss Bitcoin,
while others remain optimistic about its long-term potential.
Based on the 6-hour chart, BTC (Bitcoin) is trading at 114,597.29.
