Bitcoin's Death Cross and Market Sentiment
Bitcoin recently displayed a chart pattern that typically triggers significant concern within the cryptocurrency community. The November 'death cross' - a technical indicator where the 50-day moving average falls below the 200-day moving average - occurred after a substantial drawdown of over 30% from its all-time high above $120K in October. This event pushed Bitcoin's price into the mid-$80K range, effectively erasing its gains for 2025 on paper. The significant outflows from Bitcoin on November 20, totaling over $903 million, further exacerbated market sentiment.
Historically, since the start of the 2023 bull cycle, each death cross that has formed while the 200-day trend remained bullish has signaled a local bottom rather than the onset of a new crypto winter. Data dating back to 2017 indicates that these crosses have consistently been followed by strong rebounds, often exceeding 45% and sometimes leading to new all-time highs.
The current market conditions mirror this historical pattern. Following the death cross on November 16, Bitcoin has experienced a decline of approximately one-third from its peak. Key support levels are consolidating around the $80K mark, while a significant resistance band is observed between $92K and $94K. If the $80K support holds, the prevailing pattern suggests a potential relief rally towards the end of the year, rather than a complete market collapse.
In a scenario where the market is closer to a bottom than a breakdown, the focus shifts from questioning the survival of crypto to identifying assets with the best potential for significant gains in the next upward trend. This is where infrastructure-focused projects like Best Wallet Token ($BEST) begin to distinguish themselves from more speculative meme coins.
Why Best Wallet’s $BEST Fits The Post-Death-Cross Setup
Best Wallet is designed as a mobile-first, non-custodial, and no-KYC wallet solution. It currently supports thousands of assets across more than 50 blockchains, offering integrated functionalities for buying, swapping, and selling directly within a single application.
Beyond its core wallet features, the platform is developing a comprehensive DeFi control center. This includes a DEX aggregator, integrated directly into the app, which routes trades across 330 decentralized exchanges and over 30 bridges. This aggregation aims to optimize execution for both same-chain and cross-chain swaps, ensuring users achieve the best possible rates.
Security is a paramount concern for Best Wallet. The platform is built using Fireblocks’ MPC-CMP technology, which divides key material into multiple shards. This approach significantly reduces the risk associated with single points of failure.
Within the Best Wallet interface, an Upcoming Tokens portal is available to curate new presales and airdrops. This feature allows users to discover and participate in vetted projects early, all from within the same application they use for managing their existing crypto assets.
All these functionalities and features are intrinsically linked to the Best Wallet Token ($BEST). The $BEST token serves multiple purposes within the ecosystem, including providing fee discounts, granting early access to presales, and conferring governance rights over future feature development and blockchain integrations.
In essence, $BEST is positioned not merely as a speculative asset but as a foundational layer for user interaction within the app, particularly if the cryptocurrency market continues its recovery. The historical data surrounding Bitcoin's death crosses strongly suggests that such a recovery is probable.
$BEST Presale Set to End in 4 Days
Amidst renewed apprehension in the Bitcoin market, the performance of $BEST's presale has been notably positive. Current figures indicate that the presale has successfully raised approximately $17.4 million. The token is currently priced at $0.025995 during this stage, with a planned launch scheduled for November 28, 2025.
From a quantitative standpoint, the risk-reward profile of $BEST appears compelling. Best Wallet has set an ambitious target of capturing up to 40% of the crypto wallet market by 2026. Considering industry growth projections that could see the market exceed $48 billion by 2030, achieving this goal would position Best Wallet as one of the most successful crypto presales of 2025.
If the death-cross pattern proves to be a precursor to a local bottom, and the subsequent market upswing attracts a new wave of users onto the blockchain, then live, multi-chain wallets with strong user experiences and a widely distributed native token are well-positioned to benefit.
For investors who believe that the current market conditions represent a cyclical reset rather than an end to the crypto era, the combination of a functional product, a substantial addressable market, and a presale token priced under three cents offers the type of asymmetry often sought during market downturns. This describes the current proposition of Best Wallet.
With the presale scheduled to conclude in just four days, the window of opportunity to acquire $BEST at its current pricing is rapidly closing.