#Bitcoin just printed a bearish cross on the daily chart, with the 50 MA crossing below the 200 MA, signaling short-term weakness in the market.

This is the second bearish cross since the $15,500 bottom.

The last bearish cross was in September 2023 when the price was trading around $25,000.

After that, the price went sideways for a few weeks before reclaiming the MAs, leading to a bullish cross and a strong upside rally.

If the pattern repeats we might see a few weeks of choppy PA here.

The bullish confirmation will be a reclaim of the MA's followed by a nice bullish cross.