50 day average on BTC is approaching the 200 day moving average
This is known as a Death Cross spooks the heck out of traders, I'm thinking that it maybe it will be pivotal point for BTC and as DO is correlating with BTC currently it could be a spike down, opportunity to buy more at bargain basement prices
The death cross for the BTC is around the 4.5K USD rates. For now we are still far from reaching that point in terms of the prices. If it did not reach that point in next week or so then we can say we are out of the danger of falling into that death cross point. If does anyway then it could take lots of months to recover back. I have read this on the forum only and that is how I learnt about the whole situation.
After reading the matter elsewhere I do understand that this method of analysis the fate of trade is actually coming from the stocks and may be it is not that relevant to the crypto currencies. But its still the same thing however with major factors affecting it all the time due to decentralisation.