I think this "death cross" (I prefer the phrase bear cross, it's less suggestive) could go a number of different ways, as history shows us. Even if the likelihood is continued bearish price movement. I was initially anticipating a possible second wave pump to $12,000 by the end of the month, as twice before price has rallied hard into the bear cross, but now it's starting to look like the price will roll over again back the 200 & 50 Day MA's if bullish momentum doesn't have a comeback.


I also shared this likely bull cross on the Weekly charts between the 50 & 100 Week MA's elsewhere. It's not what's traditionally considered a bull cross like the "golden cross" (50 & 200 MA crossover), but it's a bullish sign nonetheless if it occurs. The price would have to hold $7500 area for a few more weeks to confirm, which is quite likely in my opinion.