Okay everyone it has been no secret that I have been bearish over the last few weeks. I know it is bothersome to some of my perma bull friends that want to see a sea of green once more. But the thing is Bitcoin and trading do not care about your feelings. We need to look at the data on the chart and keep the decision making free from emotions. Just based on the 50 MA (orange line) and 200 MA (blue line) things are looking more bearish by the hour. The 50 MA (orange line) is creeping closer and closer to the 200 MA (blue line) and when the 50 MA (orange line) crosses below the 200 MA (blue line) it is bearish. Especially on the daily time frame. Of course a death cross has a chance to be a big nothing and may not cause the dip Im expecting but its better to know whats in front of you so you can prepare for anything. This is Bitcoin after all. The last time the 50 MA and 200 MA crossed it was bullish (due to the fact the 50 MA crossed above the 200 MA) This is widely known as a "Golden cross" and look at the data. The price rose before the actual event. I believe sometimes traders go ahead and make a move prematurely when they see something like this. Which is why we saw the price rise slightly before the actual cross. But after the cross is where the real fireworks happened. We went from 5100 - 14k within 2 months (approximately) Now we are looking at the opposite scenario. The orange line is crossing below the blue line.. It could cross in a week or a month. Or if a miracle happens and the candles climb we could avoid it all together. But realistically I think we should all prepare for the worst and hope for the best. Where will this death cross take us? My target short term for the next drop I think we have in store is 6500 - 6800. The 50 MA on the weekly is at 6800 and the top of the cloud is at 6500. Just my 2 sats... But WTFDIK right? Go Astros