The price of bitcoin (BTC) is having a very particular 2026. The digital currency does not show the violently bearish behavior of previous “crypto winters”, but there are also no clear and conclusive signs that there has been any change in the classic 4-year cycle of bullish-bearish alternation.
On the other hand, bitcoin has spent much of the current year lateralizing at various points, giving false bullish signals or having falls that were scary, but which are still minuscule compared to past bearish years.
At the time of this publication, on the morning of May 27, 2026, bitcoin is in another of those moments that open more questions than answers. Today we woke up with the news that bitcoin missed the $76,000 mark. The CriptoNoticias Price Calculator shows that each BTC is trading at $75,850.
This drop comes at a particularly inopportune time. The bitcoin price chart shows that it would be a few days away from forming the technical analysis pattern known as the “golden cross” or “golden cross.”
A golden cross occurs when the 50-day simple moving average crosses above the 200-day moving average. In the chart below, the first of these moving averages is the green line and the second is the red line:
The arrival of the golden cross is expected by traders and investors as it is considered confirmation of an already existing bullish trend. Looking at the chart above, we might think that a golden cross forming now would confirm the uptrend that began in early April 2026.
But, as can be seen, the formation of this bullish pattern is at risk. A bitcoin drop below current levels would possibly prevent moving averages from crossing in the near term.
Various factors are combining to slow the rise of bitcoin. Mainly the war in Iran can be mentionedwith the corresponding blockade of the Strait of Hormuz that is becoming a never-ending story.
Since last February 28, almost 3 months ago, the main oil maritime passage worldwide remains closed.
And what does it have what to see the Strait of Hormuz with bitcoin? The answer is simple:
- 1) The blockade of the Strait of Hormuz prevents the passage of oil tankers.
- 2) The price of oil rises.
- 3) The cost of industrial production, fuel, food, etc., skyrockets internationally.
- 4) There is an increase in inflation metrics.
- 5) The US Federal Reserve (FED) and other central banks have less incentive to cut interest rates.
- 6) Bitcoin benefits from interest rate cuts and is hurt when there are no such cuts and rates are high.
This “endless war” means that, as CriptoNoticias has reported, fears of a bitcoin fall to the $45,000 area are revived that analysts like Willy Woo or who identifies himself as ‘No Limit Gains’ have projected months ago.
Although some on-chain data showed just a day ago that bitcoin was building a firm foundation and a solid price structure, the current drop below $76,000 casts doubt on such assertions.
Probably, upcoming news related to the war in Iran and its outcome (or lack of outcome) will help to have greater precision about what the next movements of bitcoin will be. For now, The digital currency seems to tell us that the formation of the golden cross will have to wait some more time.