The price of bitcoin has dropped below the critical $58,077 mark for traders, according data from BuyBitcoinWorldwide. Crypto traders are concerned about this bearish cross, which is a signal that appears when the price of Bitcoin's 50-day simple moving average (SMA) drops below the 200-day SMA. But history indicates that this can be a positive indication. When this has happened before, the price of Bitcoin has increased by almost 50% four months later. According to Ryan Lee, chief analyst at Bitget Research, the US Marshals Service just partnered with Coinbase Prime to handle and exchange huge digital assets, therefore this does not imply that 10,000 Bitcoin have been sold yet. It's unlikely that the recent transfer of Bitcoin valued at almost $600 million to Coinbase will result in selling pressure.