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
Bitcoin's price movement can't be and should not be speculated through teachnical analysis that is generally used in the stock market. Stock market is a regulated market and a lot of factors are directly controlled by the share issuing company and the regulator unlike crypto market. So what can be scaring the real world stock traders, may not stand true for crypto analysis.
However, I can't deny that the crypto market is constantly showing a prominent downward trend without any hint of recovery. So you speculation of the downtrend beyond death cross will probably become true!