Bitcoin: How Realistic the Death Cross Is?

SMA50; SMA100; SMA150; SMA200

March 06, 2018 records another downward shift of BTC after recovering +30% and setting a consolidation phase. This obviously increases worrying sign for Hodlers and even traders. By looking at the simple moving average (SMA) curves of 50, 100, 150, 200 days it is evident that low volume trades may result into a huge price decline or even a death cross as annotated in the figure above.

Nothing certain yet. The only way to over come this is to add new fresh meal i.e. new money into the market. If new investors get attracted, more positive volume influx will be included, which may yield a significant breakout above 13000 to consider BTC being bullish. At the time of writing, BTC is considered in consolidation phase as long as it trades between ~8200 to ~12000.

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