The 20-week exponential moving average, currently near $68,806, is on the verge of crossing below the 200-week EMA at approximately $68,220, a pattern known as a death cross. After a brutal 50% single-day crash in early June, the privacy coin has clawed its way back into the $460 to $517 range. Bitcoin’s death cross dilemmaA death cross occurs when a shorter-term moving average dips below a longer-term one, and it’s generally interpreted as a bearish signal. Bitcoin is trading at $62,700 while both moving averages hover near $68,500, meaning the market is already trading well below its trend lines. The Zcash development team moved quickly, deploying an emergency fix and outlining an upgrade path called Ironwood that addresses the underlying issues more comprehensively.