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Bitcoin Daily Death Cross Projection

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The Bitcoin death cross is almost inevitable at this point. Herein lies a projection for the exact date based on where the 200 MA (white line) and 50 MA (orange line) seem to be headed. This is a very bearish signal and could potentially trigger an prolonged bear market.

However the last death cross on 9/14/2015 followed the $316 > $198.02 correction. After about 3 weeks of sideways following the death cross, a massive bull run began. Only time will tell what is in store for the corn.
Nota
Updated death cross date projection as the 200 and 50 begin leveling off:
syot kilat

The range here is getting extremely tight. Barring a (likely) swing in either direction, current projection is 3/21. Will update once a clearer direction is established.
Nota
A bit late on the update and early on the prediction but the cross happened 3/29 as the MAs flattened out. Soon after other exchanges followed as well.
syot kilat

Penafian

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