Technical indicators are signaling the risk of a sustained Bitcoin (BTC) drop in the coming days as the asset struggles to hold the $60,000 support level. In this context, Bitcoin is on the verge of printing a major bearish signal on the three-day chart, with a death cross between the 50-day and 200-day simple moving averages (SMA) projected to occur around February 27, according to insights from Ali Martinez. In an X post on February 24, the analyst noted that the setup follows a prolonged decline that began with Bitcoin’s peak in October 2025.  Since then, the cryptocurrency has dropped more than 52%, falling from above $110,000 to around $68,000