Bitcoin Triggers ‘Rare Bottom Signal’ After Death Cross as Analyst Eyes $126,000 Rocket ⋆ ZyCrypto

Bitcoin is currently experiencing a clear bottom signal after a recent death cross, according to a popular crypto analyst on X (formerly Twitter), and it is well on its way to recover to the $126k price target. The largest cryptocurrency by market capitalization is currently trading sideways around the $90k support level after major bearish activity in October and November. The abrupt downturn has put a hold on the bullish proceedings, but now, multiple analysts are pointing towards a major price rally.

Danny, the analyst in question, believes the bottom is clearly marked now and that BTC will go on a major offensive in 2026. He tweeted:

“BITCOIN JUST TRIGGERED A RARE BOTTOM SIGNAL

Every Death Cross has marked major reversals.

This is the zone that traps everyone.

Next targets: 94K → 126K → 120K”

Danny also inserted a previous image showing his prediction from November 25, in which he anticipated that the premier digital currency would bounce back swiftly from its bottom near $80k, head towards the $126k resistance level, and then eventually reach $150k before triggering the true bear market.

What is a Bitcoin Death Cross?

A Bitcoin death cross is a technical trading pattern that occurs when a Bitcoin’s 50-day Small Moving Average (SMA) crosses below the long-term 200-day moving average. The move signals a potential shift from a bullish setup to a bearish setup. Such a death cross was observed on the BTC chart in November, and the index immediately breached the $100k price level and struggled to find a floor. 

However, the situation has changed a lot since then, as the cryptocurrency has recovered above the $90k level, albeit unconvincingly, and has repeatedly tried to approach the $95k resistance. Still, bears have repulsed each attempt.

Can Bitcoin Recover to $126k?

Bitcoin’s recent struggles have put a bearish spell on the proceedings, and only a strong move above the $100k valuation can begin to spell the start of a potential revival of the bull market. Short traders have put massive bets against such a move that can be seen here:

So, Bitcoin has to overcome tens of billions of dollars in short liquidations to reach the $126k level that would place the move among the biggest in its history. While that is a steep hill to climb for the bulls, it is still manageable provided the bulls hold their nerve. 2026 is being touted as a major inflection point for the market, and traders are keen to explore it, but the first few weeks are expected to be crucial.