Bitcoin beats FTX, COVID-19 crash with record dive below 200-day trend line

Bitcoin bear market momentum sparked a record crash below the 200-day simple moving average as analysis expected BTC price “mean reversion” next.

Bitcoin (BTC) rebounding is now “highly probable” as BTC price action sets another bearish record.

Key points:

Bitcoin has never traded so far below its 200-day moving average, data shows.

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