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
I thought that the death cross was met around during the Holy Week (coincidence?) and was again defeated by bitcoin when it bounce back and recovered around $7300-$7400. So I wouldn't be surprise if we can go and pass this so called death cross. I think is more of a mental thing for most traders now, and fearful for those newbie traders and they might dump anytime though. I'm pretty confident that we can all go this hump again and rebound again.