The bottom is likely near for Bitcoin...

Bitcoin just had a death cross, where the 50 MA crosses the 200 MA.

Per usual, this event more often marks the end of a move than the beginning of one.

The last time bitcoin did this the price bottomed out roughly a month later, check it out:

(Source: https://twitter.com/BigCheds/status/1482746420377624577/photo/1)

If history were to repeat we are likely to bottom about a month from now and possibly at slightly lower prices than those already hit...

The last one saw prices 19% lower than the day of the death cross at the absolute lows, which would point to a wick somewhere around $37k were it to repeat exactly...